Report Details How Much State & Local Governments Would Get for Services by Repealing Huge Tax Break for Wealthy that Nets Additional $250 Billion The arbitrary $1 trillion cap Senate Majority Leader Mitch McConnell and his GOP colleagues are struggling to impose on the year’s final coronavirus aid bill could be loosened by nearly $250 […]
July 16, 2020
BILLIONAIRES’ PANDEMIC WEALTH GAINS BURST THROUGH $700B
Richest 600+ Americans Have Seen Their Wealth Leap $42B Per Week Even as Virus Surges & 32M Workers Are Jobless Pandemic profiteering passed another milestone today as the collective growth in the wealth of America’s 600-plus billionaires during the coronavirus crisis topped $700 billion, based on Forbes data analyzed by Americans for Tax Fairness and […]
July 15, 2020
Billionaires Boom as State Budgets Go Bust
In About Half the States, the Growth in Billionaire Fortunes During Pandemic Exceeds Projected Gaps in Recession-Wracked State Finances in 2020 & 2021 In about half the states in America the growth in the fortunes of local billionaires during the pandemic exceeds—in many cases, dwarfs—the combined gaps forecast for state budgets in 2020 and 2021 […]
The Unity Task Force of the Biden and Sanders presidential campaigns released a 110-page set of recommendations on July 8 covering a wide array of public policy proposals, including progressive tax proposals. Below is Americans for Tax Fairness’s analysis of the proposals and a statement from Frank Clemente, ATF’s executive director. “We welcome the Unity […]
The Unity Task Force of the Biden and Sanders presidential campaigns released a 110-page set of recommendations on July 8 covering a wide array of public policy proposals, including progressive tax proposals. Below is Americans for Tax Fairness’s summary of the tax proposals and a statement from Frank Clemente, director of Americans for Tax Fairness. […]
Click here for a Master List of the state data. Arizona state report California state report Colorado state report Connecticut state report Florida state report Georgia state report Illinois state report Indiana state report Iowa state report Kentucky state report Maine state report Maryland state report Massachusetts state report Michigan state report Minnesota state report […]
As action shifts to the U.S. Senate for a new round of COVID-19 financial relief and recovery legislation, Americans for Tax Fairness and its coalition partners sent letters to the U.S. Senate today calling for the repeal of the costly “Millionaires Giveaway” that was part of the CARES Act passed in March (and repealed in […]
June 10, 2020
237 GROUPS OPPOSE MAJOR BUSINESS TAX BREAKS IN CARES ACT
$135 Billion Tax Break Gives 82% of the Benefit to People Making at Least $1 Million a Year June 23, 2020 Dear Senator: A total of 69 national and 168 state groups are writing to strongly oppose two costly tax hand-outs to wealthy business owners and corporations included in the Coronavirus Aid, Relief and Economic […]