Dear Chair Wyden and Senators Brown and Warner: We applaud your taking leadership in the reform of international tax law by presenting your proposal “Overhauling International Taxation”. Your plan would raise significant revenue, curb tax-haven abuse, protect American jobs, and begin to meet the challenge set by the Biden Administration to end the international race […]
TAXING INCOME FROM WEALTH LIKE WAGES, CLOSING LOOPHOLES AND MAKING RICH PLAY BY SAME RULES WOULD HELP REBUILD MIDDLE CLASS AND FUND HEALTHCARE, CHILDCARE AND EDUCATION President Biden’s American Families Plan, released today, would boost funding by $1.5 trillion for healthcare, childcare and education serving working families by cracking down on rich individual and corporate […]
TOPLINES President Biden’s American Families Plan would make the wealthy begin to pay their fair share of taxes by changing how “capital gains” are taxed. He wants to tax wealth like work by closing two major loopholes that let the rich pay a lower tax rate on the income they receive from wealth than many […]
President Biden wants to improve education, healthcare, childcare, income security and more for working families by making the wealthy pay their fair share of taxes, especially Wall Street tycoons. His “American Families Plan” (AFP) includes $1.8 trillion in investments and tax credits over 10 years and roughly the same amount of new tax revenue from […]
Dear Representative or Senator, We are writing on behalf of 43 undersigned organizations to urge you to co-sponsor the Tax on Wall Street Speculation Act of 2021 being introduced by Sen. Bernie Sanders (I-Vt) and Rep. Barbara Lee (D-Calif.). In this time of great suffering in our nation as communities are fighting yet another surge […]
Report by Americans for Tax Fairness and the Institute for Policy Studies Whether measured over 13 months or 31 years, the growth of U.S. billionaire wealth is both astounding and troubling based on Forbes data as of April 12, 2021. Billionaire wealth growth has perversely accelerated over the 13 months of global pandemic. But the piling […]
Today, 84 groups promoting economic and social justice sent a letter to President Biden and Vice President Harris in support of their Build Back Better public investment and tax fairness agenda. The groups, representing a diverse coalition of unions, faith, policy and advocacy organizations said in the letter: “Your tax and investment plans were the […]
By Pairing ‘American Jobs Plan’ With ‘Made in America Tax Plan’, President Aims to Strengthen Physical and Human Infrastructure While Ensuring Corporations Start Paying Their Fair Share of Taxes The following is a statement from Frank Clemente, executive director of Americans for Tax Fairness (ATF), regarding President Biden’s American Jobs Plan (AJP). The ATF coalition […]