177 Search Results for corporate taxes

Dear Chair Wyden and Senators Brown and Warner: We applaud your taking leadership in the reform of international tax law by presenting your proposal “Overhauling International Taxation”. Your plan would raise significant revenue, curb tax-haven abuse, protect American jobs, and begin to meet the challenge set by the Biden Administration to end the international race […]

President Biden wants to improve education, healthcare, childcare, income security and more  for working families by making the wealthy pay their fair share of taxes, especially Wall Street tycoons. His “American Families Plan” (AFP) includes $1.8 trillion in investments and tax credits over 10 years and roughly the same amount of new tax revenue from […]

TOPLINES President Biden’s American Families Plan would make the wealthy begin to pay their fair share of taxes by changing how “capital gains” are taxed. He wants to tax wealth like work by closing two major loopholes that let the rich pay a lower tax rate on the income they receive from wealth than many […]

TAXING INCOME FROM WEALTH LIKE WAGES, CLOSING LOOPHOLES AND MAKING RICH PLAY BY SAME RULES WOULD HELP REBUILD MIDDLE CLASS AND FUND HEALTHCARE, CHILDCARE AND EDUCATION  President Biden’s American Families Plan, released today, would boost funding by $1.5 trillion for healthcare, childcare and education serving working families by cracking down on rich individual and corporate […]

Today, 84 groups promoting economic and social justice sent a letter to President Biden and Vice President Harris in support of their Build Back Better public investment and tax fairness agenda.  The groups, representing a diverse coalition of unions, faith, policy and advocacy organizations said in the letter: “Your tax and investment plans were the […]

Dear President Biden, Senators and Representatives: As groups dedicated to social, racial, gender, and economic justice, we are writing to urge the new administration and Congress to make strengthening Internal Revenue Service (IRS) tax enforcement a top priority in 2021 and beyond. Fair and adequate tax enforcement is critical for ensuring a tax system and […]

Moody’s Analytics estimates that for every $1.00 spent on state and local government services the economy grows by $1.39. That is an immediate 139% return on the dollar. By comparison, on average for every dollar spent on tax cuts, the economy grows at a significantly slower rate. For example, $1 spent on a corporate tax […]

As pollsters for President Biden’s campaign in both the primary and general election, we found that few issues generated broader, more intense support than raising taxes on those earning over $400,000 a year and closing tax loopholes for big corporations. The issue of tax fairness was therefore a core part of the Biden campaign’s messaging […]

Corporate and Business Taxes: Repeals the most egregious tax breaks in the 2017 Trump-GOP tax law (the Tax Cuts & Jobs Act, or TCJA). Increases the corporate tax rate from 21% to 28%, aims to reduce outsourcing and create jobs here at home, and reduces tax dodging from profit shifting to tax havens. Individual Taxes: […]

Big Business Gets Extra Goodies, Cutting What’s Available for Working Families Struggling Through Holiday Season; Multinational Corporations, Fancy Restaurants, Movie Studios All Score Pricey Gifts  Like a misguided Santa shortchanging the poor side of town in order to give more to the rich kids, Congress in its year-end pandemic relief bill included over $220 billion […]