September 28, 2022
Inflation Reduction Act: Key Facts
PRESCRIPTION DRUGS & HEALTH CARE The IRA will lower prescription-drug costs for seniors and healthcare premiums for working families. Medicare will finally be allowed to negotiate with drug corporations to bring down the price of prescriptions. If drug corporations hike prices faster than inflation, they’ll pay the full difference to Medicare – a cap that […]
September 13, 2022
Tax Fairness Reforms In The Inflation Reduction Act
Tax reforms in the Inflation Reduction Act (IRA) will raise nearly $470 billion over ten years by making corporations and the wealthy pay a fairer share of taxes. About $400 billion of the revenue will be used for historic clean energy investments to combat climate change and reduce household energy costs, and for deficit reduction. […]
Disney Heir, Former BlackRock Director, Seventh Generation Founder Send Letter to U.S. Senate from 304 Wealthy Taxpayers Supporting Extra Levy on Incomes Over $10 Million Three rich Americans – Abigail Disney, Morris Pearl and Jeffrey Hollender – today released a letter to Senate Democrats from 304 wealthy taxpayers urging the senators to include in their new […]
June 21, 2022
ATF Letter Opposing EARN Legislation
The Honorable Ron Wyden Chairman, Senate Committee on Finance 219 Dirksen Senate Office Building Washington, D.C. 20510 Dear Mr. Chairman: On behalf of the Americans for Tax Fairness, a coalition of hundreds of national and state-based organizations, I am writing to express our significant concerns with the Enhancing American Retirement Now (EARN) Act, which the […]
As President Biden and Congressional Democrats revise their economic plan, they should at a minimum retain the tax surcharge on income for the very wealthy that’s already been passed by the House of Representatives in the Build Back Better Act (BBBA)—a 5% surcharge on incomes over $10 million and an additional 3% surcharge on incomes […]
A billionaires income tax and a wealth tax on the ultrarich would both make billionaires pay closer to their fair share of taxes. They would also both raise a lot of revenue to lower the cost to families of necessities like healthcare, childcare, and housing. But the two types of tax are different in many […]
March 23, 2022
SENATOR RON WYDEN’S BILLIONAIRES INCOME TAX
A Billionaires Income Tax (BIT) has been proposed by Sen. Ron Wyden, chairman of the Senate Finance Committee, and is supported by President Biden. It would raise $557 billion over 10 years, according to the Joint Committee on Taxation, from the 700 or so wealthiest Americans. There are many options for how that revenue could […]
Open Letter Argues the Levy on Billionaire Wealth Growth Would Ensure Nation’s Richest Are Included in Tax Reform Nearly 220 economists, law professors and other scholars on the economy today sent a letter to Congress making the case for including the “Billionaires Income Tax” (BIT) in the final Build Back Better (BBB) legislation now before the […]
January 4, 2022
AMERICA’S BILLIONAIRES GOT $1 TRILLION RICHER LAST YEAR
25% Jump in Collective Wealth of Nation’s Billionaires—All Tax Free—Could Pay for Half of 10-Year Build Back Better Plan America’s nearly 750 billionaires collectively got $1 trillion richer in 2021, a tax-free 25% gain, according to calculations by Americans for Tax Fairness (ATF) based on Forbes data. Their wealth rose from $4.1 trillion to $5.1 […]
Investments to Lower Costs for Working Families and Save the Planet Are Paid for with $1.5 Trillion in Tax Reforms on Rich and Corporations WASHINGTON, D.C. – House passage tonight of the Democrats’ historic Build Back Better Act (BBBA) was met with celebration by Americans for Tax Fairness (ATF), a coalition of over 400 endorsing organizations […]