Reports

Billionaires See Net Worth Skyrocket $584 Billion or 20% Since Beginning of Pandemic In Just 3 Months U.S. Added 29 More Billionaires While 45.5 Million Filed for Unemployment America’s billionaires saw their wealth increase by 20%, or $584 billion, roughly since the beginning of the pandemic, as 45.5 million Americans lost their jobs and the economy […]

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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 […]

Fair Taxes Now: Revenue Options for a Fair Tax System report:   Interactive calculator comparing tax increases on the rich and corporations with investment options for working families: https://americansfortaxfairness.org/calc Three revenue charts from our Fair Taxes Now Report can be found here: Options to Amend or Repeal Trump-GOP Tax Cuts for the Rich & Corporations:  […]

Key Findings The chair of the House Ways and Means Committee has the authority to inspect the tax returns of any taxpayer, including the president, and may submit those tax returns to the full House for review, effectively making them public. The incoming House of Representatives should make it a top priority to obtain and […]

The Trump-GOP tax cut law, formally known as the Tax Cuts and Jobs Act (TCJA), passed Congress Dec. 20, 2017, and was signed into law by President Trump two days later. As we approach the law’s first anniversary, Americans for Tax Fairness recaps the major elements of the plan and analyzes its effects so far […]

The November midterm election results in the U.S. House of Representatives were a clear rejection of President Trump’s tax and economic policies that favor the wealthy and corporations over working families. Prior to the November vote, pollsters for the Republican National Committee found that the GOP had “lost the messaging battle on the [tax] issue.” […]

READ FULL REPORT HERE In Congress, Rep. Rod Blum (R-IA) is an original cosponsor of a resolution declaring the national debt “a threat to national security.”  On her website, Rep. Mimi Walters (R-CA) says, “Our national debt is not only a threat to our financial security it is also a threat to our national security.” On his website, Rep. Erik […]

KEY FINDINGS “Republicans lost the messaging battle on the [tax] issue, per a Sept. 2 polling memo prepared for the Republican National Committee. Their poll found that by 61% to 30%, voters said the law benefits “large corporations and rich Americans” over “middle class families.” The memo attributed this to message discipline from the tax […]

Eight months since the tax cuts were passed in December 2017, here’s what the data show: Corporate profits up, corporate tax revenues down (Figure 1): In the second quarter of 2018 (six months after the tax cuts passed in December 2017), corporate after-tax profits were 16% higher than a year earlier in the second quarter […]