Author: andrea

Stage Now Set for Generational Fight Over the Trump Tax Cut Renewal On Tuesday, after a year of record-breaking political spending by billionaires and big-moneyed interests, Americans went to the polls to cast their ballot. As votes in several key races for the U.S. House of Representatives are still being tallied and the country prepares […]

Workers Are Taxed at a Higher Rate Than Wealthy Households & Corporate Executives Income earned from wages is consistently taxed at a higher rate than comparable amounts of income earned passively through capital gains or dividends. The top federal marginal tax rate on long-term capital income is 23.8% while the top marginal ordinary income and […]

One of the biggest accomplishments of the Biden-Harris administration was enactment of the Inflation Reduction Act (IRA), signed into law on August 16, 2022. The IRA introduced some of the most significantly positive reforms to tax policy and tax administration in recent American history. These included imposing a minimum corporate tax on the nation’s biggest […]

For decades, the U.S. tax code has been rigged in favor of the rich. With the enactment of President Biden’s  Inflation Reduction Act, along with his budget, the Administration has made a commitment to reversing this upside tax code, and making our tax code work for everyone, not just the powerful and well-connected. Today, President […]

After 24 Years of a Tax Code Rigged in Their Favor, U.S. Billionaires Are Now Worth a Record $6 Trillion America’s roughly 800 billionaires are collectively worth a record $6 trillion as of July 11, the most money ever amassed by the nation’s ultra wealthy, and nine times more than the billionaire class held at the […]

Read the full report here. Introduction All but a handful of 280 large, profitable corporations spent more money making their wealthy shareholders richer through dividends and stock buybacks than they paid in federal income taxes in the five years after the enactment of the Trump-GOP tax law, according to a new analysis by Americans for […]

Dear Chair Cole, Ranking Member DeLauro, Chair Joyce, Ranking Member Hoyer, and Members of the House Committee on Appropriations: On behalf of the undersigned organizations, we write to share our deep concerns with and strong opposition to the House FY2025 Financial Services and General Government (FSGG) proposal that would reduce revenues, exacerbate the nearly $700 […]

Congress Should Make The Wealthiest Pay Their Fair Share In 2017 Republicans passed a massive $2 trillion tax cut heavily slanted towards large corporations and the very rich. Many provisions of that law are scheduled to expire at the end of 2025, but Trump is promising his big-dollar donors that he will extend their tax […]

Read the full report here. Introduction Just 50 billionaire families have already injected more than $600 million collectively into the crucial 2024 elections, with that number sure to show accelerating growth in the final six months of the campaign. These billionaire clans donated the $600 million mostly to political parties, political action committees (PACs) and […]