Author: andrea

Families Struggle as Tax Cuts Mostly for Wealthy & Corporations Failed to Deliver for Workers—Yet Trump Wants More Cuts, Hiking Debt & Threatening Services Judging by past speeches and his Twitter feed, President Trump will use his 2020 State of the Union address to boast about the state of the economy and give a lot […]

In a televised interview early today, President Trump, when asked about “entitlement” programs, said he would “take a look at” so-called “entitlement” programs later this year and called it “the easiest of all things, if you look.” If there was any confusion about what that means, Trump in answer to a question acknowledged he “was […]

New Legislation Would Close Wealth Gap & Raise Substantial Revenue As Congress barrels toward another government funding deadline, a new proposal is gaining steam–the Millionaires Surtax sponsored by Senator Chris Van Hollen (D-MD) and Representative Don Beyer (D-VA), and co-sponsored by Senator Sherrod Brown (D-OH). The Millionaires Surtax would apply an additional 10-percentage point tax […]

10% surtax on incomes over $2 million could raise $635 billion over 10 years The United States is one of the most economically unequal nations in the developed world, with income and wealth gaps not seen here in almost 100 years.[i] Most of the income and wealth gains of the last decade have gone to […]

America needs to create an economy that works for all of us. A good place to start is a Millionaires Surtax, so the wealthy can begin to pay their fair share of taxes. The Millionaires Surtax would help address the growing gap in wealth between the rich and everyone else. And it would raise more […]

A poll by Hart Research Associates (Oct. 1-6, 2019) shows that Americans’ top priority regarding tax policy is making sure the wealthy pay their fair share. In addition, voters embrace a wide variety of progressive tax policies to raise taxes on the wealthy or corporations but show particularly strong support for a Millionaires Surtax – […]

An Extra 10% Tax on the Super Rich Would Narrow the Wealth Gap And Raise $635 Billion for Vital Public Services THE PROBLEM America faces two big, connected problems: The gap between the wealthy and the rest of us keeps widening, shortchanging opportunity, destabilizing our economy and threatening our democracy. We aren’t raising enough public […]

Based on a Hart Research poll conducted in October 2019 We face two big obstacles, among others, to creating an economy that works for all of us. First, the gap between the rich and everyone else keeps getting wider. While those at the top are soaring way ahead, working families are struggling. Second, the wealthy […]

“You can have concentrated wealth in the hands of a few or democracy. But you can’t have both.” — Louis Brandeis, Associate Justice of the U.S. Supreme Court, 1916-1939 Levying a Millionaires Surtax of 10-percentage points on the income of the richest 0.2% will raise $635 billion for public investments, according to the Tax Policy […]

NOTE: There are many measures of American wealth and many ways of estimating those measures. This fact sheet uses the most current, accessible and reputable sources available for each data point, which in some cases leads to inconsistencies between studies, such as in the years covered. Also because of the multiplicity of wealth studies, figures […]