“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 […]
“House Republicans want to return to the lawless days of rampant tax evasion by the nation’s wealthiest.” During the final year of Donald Trump’s presidency, the Internal Revenue Service audited low-income families at a higher rate than millionaires for the first time, according to an Americans for Tax Fairness analysis released as congressional Republicans work to further […]
[content id=”79272″] The Wisconsin Republican millionaire accused working-class Americans of “getting a lot more in return” from the key social program than rich people who pay disproportionately less into its coffers. U.S. Sen. Ron Johnson came under fire Wednesday after the multimillionaire Wisconsin Republican asserted during a Senate hearing that Social Security—an economic lifeline for […]
“If House Republicans were actually serious about the deficit, they would demand wealthy corporations pay their fair share in taxes,” one advocate said. After threatening to force the government into default over the debt ceiling, Republican lawmakers Friday introduced new tax cuts that could add at least $21 billion to the federal debt over the next decade. Three […]