“Right-wing billionaires hoped an obscure legal case would blow up the tax code to avoid paying what they owe, but this effort failed,” said the Democratic senator after the Moore v. United States decision. Sen. Elizabeth Warren was among the economic justice advocates cheering Thursday after the U.S. Supreme Court upheld a tax on Americans with shares of certain […]
“There are 20 years of data showing trickle-down economics doesn’t work, yet today will still be a whole lot of revisionist history and wishful thinking on the singular largest failure of fiscal policy in recent memory,” said Rep. Richard Neal. As House Republicans prepare for Donald Trump’s possible White House return by plotting to expand […]
“Almost nobody says we should have the richest pay the least. And yet when we look around the country, the vast majority of states have tax systems that do just that.” Nearly every state and local tax system in the U.S. is fueling the nation’s inequality crisis by forcing lower- and middle-class families to contribute […]
“If not for the Bush tax cuts, their extensions, and then the Trump tax cuts, the U.S. debt-to-GDP ratio would be declining indefinitely,” wrote Sen. Sheldon Whitehouse. The Democratic chair of the Senate Budget Committee rebuked his Republican colleagues on Thursday for demanding action to reduce the U.S. debt after adding roughly $10 trillion to it with […]