Costly tax breaks for the wealthy and corporations would only further heighten the economic inequalities already exacerbated by the pandemic Today, Americans For Tax Fairness, a coalition of more than 400 endorsing organizations released a letter to Congress urging them to oppose any tax breaks for the wealthy and corporations as they debate a year-end […]
Dear Member of Congress: The Americans for Tax Fairness coalition of more than 400 endorsing organizations is heartened by the news that lawmakers on both sides of the aisle are again trying to reach agreement on a coronavirus relief package. Millions of Americans face a dark and dangerous winter as key provisions of the CARES […]
TOPLINES Rich tax cheats evade about $400 billion in taxes every year, stealing funding from vital public services like healthcare, education and infrastructure that benefit working families. The wealthiest 1% are responsible for some 70% of the nation’s estimated $570 billion “tax gap”—the difference between taxes owed and taxes paid. Our rigged tax system […]
The Unity Task Force of the Biden and Sanders presidential campaigns released a 110-page set of recommendations on July 8 covering a wide array of public policy proposals, including progressive tax proposals. Below is Americans for Tax Fairness’s analysis of the proposals and a statement from Frank Clemente, ATF’s executive director. “We welcome the Unity […]
The Unity Task Force of the Biden and Sanders presidential campaigns released a 110-page set of recommendations on July 8 covering a wide array of public policy proposals, including progressive tax proposals. Below is Americans for Tax Fairness’s summary of the tax proposals and a statement from Frank Clemente, director of Americans for Tax Fairness. […]
As action shifts to the U.S. Senate for a new round of COVID-19 financial relief and recovery legislation, Americans for Tax Fairness and its coalition partners sent letters to the U.S. Senate today calling for the repeal of the costly “Millionaires Giveaway” that was part of the CARES Act passed in March (and repealed in […]
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. […]
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 […]
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 […]