Issues

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 […]

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 – […]

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 […]

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 […]

On the Fourth Day of Tax Scam the President Said to Me….. “This huge tax cut will be rocket fuel for our economy.” – President Trump, Sept. 29, 2017 [Wall Street Journal] “The economy now is at 3%. Nobody thought it would be anywhere close. I think it could go to 4, 5, and maybe […]

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 […]

On the Third Day of Tax Scam the President Said to Me….. “My Council of Economic Advisors estimate that [changes in the taxation of offshore profits], along with a lower business tax rate, would likely give the typical American household around a $4,000 pay raise.” – President Trump, Oct. 11, 2017 [YouTube]  Have you seen that big […]

“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 […]

Vote on Measure to Stop Big Pharma Price Gouging Expected in House This Week As the House of Representatives readies to vote this Thursday on historic legislation that would give Medicare the ability to negotiate lower prescription drug prices, two leading national coalitions are releasing a report documenting the extent of price gouging by the […]

On Two-Year Anniversary of Tax Law, Data Shows Little Positive Long-Term Impact on Economy Eight principal promises that helped convince lawmakers to speed enactment of the 2017 Trump-GOP tax overhaul have failed to come true, according to a new report by Americans for Tax Fairness. The report, Chartbook: Trump-GOP Tax Cuts Failing Workers and the […]