June 9, 2020 Dear Senator: As you consider the next coronavirus relief and recovery legislation, we urge you to support repeal of costly tax breaks for millionaire business owners and corporations contained in the CARES Act and to oppose any other tax cuts for the rich and corporations in future COVID-19 relief and recovery bills. […]
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Nation’s Billionaire’s See Net Worth Jump $434B in First Two Months of Pandemic America’s billionaires bound far ahead financially even as the rest of America was locked down during the first two months of the coronavirus pandemic, a new report by Americans for Tax Fairness (ATF) and the Institute for Policy Studies – Program on […]
House Passage Claws Back ‘Millionaires Giveaway’ in CARES Act; Big Win for Tax Fairness Cleansing not only the CARES Act but the 2017 GOP tax law as well of a huge tax handout to wealthy business owners, the House of Representatives today passed the pandemic-relief HEROES Act, which would repeal the notorious “Millionaires Giveaway.” While […]
HEROES Act Would Close $135 Billion Loophole for Rich Opened by CARES Act Proving the power of an outrage-fueled reform effort, a $135 billion tax handout to the rich slipped into the coronavirus relief law enacted in March is slated for repeal in the latest pandemic measure unveiled yesterday by House Speaker Nancy Pelosi. The […]
ATF Sends Letter to Speaker Pelosi, Chairman Neal, Opposing Inclusion of Tax Cuts for the Wealthy and Corporations in Next Coronavirus Package Adding further momentum to an outrage-fueled reform effort, Senators Sheldon Whitehouse (D-RI) and Sherrod Brown (D-OH) and 22 other senators today introduced legislation (S. 3640) that would repeal a $135 billion tax giveaway […]
In recent days since it was unveiled that millionaires, hedge fund owners and real estate developers were receiving a $135 billion tax break in the coronavirus relief package known as the CARES Act, momentum to repeal the provision has surged with both the U.S. Senate and House of Representatives taking action. The Millionaires Giveaway was […]
43,000 Millionaires, Maybe Trump, Get $1.6M Average Windfall This Year, Dwarfing Average American’s $1,200 Check; Billions Wasted As State And Local Governments Struggle Leading members of Congress and a broad coalition of advocacy groups under the Americans for Tax Fairness umbrella have launched a campaign to repeal a huge tax break for millionaires included in […]
82% of the Benefits Would go to People Making $1 Million a Year, not a lot of Main Street Businesses, as Grassley Claims Adding insult to injury, in a Fox News op-ed today Senate Finance Committee chairman Chuck Grassley (R-IA) defended an indefensible $170 billion tax giveaway to wealthy business owners he stuck into the […]
NEW ANALYSIS FROM JOINT TAX COMMITTEE SHOWS WEALTHY RECEIVE AN AVERAGE $1.6M TAX CUT, TRUMP FAMILY BUSINESS MAY BENEFIT A new analysis conducted by the Joint Committee on Taxation, requested by Senator Sheldon Whitehouse (D-RI) and Rep. Lloyd Doggett (D-TX), showed a breathtaking tax giveaway for millionaires in the recently passed CARES Act. The tax […]