After passing historic corporate tax reform in the Inflation Reduction Act earlier this year, Congress now risks erasing those tax-fairness gains in a lame-duck tax package rife with costly corporate giveaways. Legislation currently under discussion would extend—at a cost of up to $600 billion—three expired or expiring provisions of 2017’s Trump-GOP tax law benefitting big […]
March 21, 2022
CORPORATE PRICE GOUGING & TAX DODGING
15% Floor Will Help Shut Down World Tax Havens That Bleed American Jobs The Biden Administration has secured an international agreement to begin to end the world race to the bottom on corporate tax rates, saving American jobs and public revenue and paving the way for domestic reforms that will require U.S. corporations to pay […]
Billionaires’ Collective Fortune Grew $1.8 Trillion Over 17 Months, Enough to Pay for Over Half of Biden’s Proposed $3.5 Trillion Investment in Healthcare, Education & More America’s billionaires have grown $1.8 trillion richer during the pandemic, their collective fortune skyrocketing by nearly two-thirds (62%) from just short of $3 trillion at the start of the […]
Billionaires’ Collective Fortune Grew $1.8 Trillion Over 17 Months, Enough to Pay for Over Half of Biden’s Proposed $3.5 Trillion Investment in Healthcare, Education & More America’s billionaires have grown $1.8 trillion richer during the pandemic, their collective fortune skyrocketing by nearly two-thirds (62%) from just short of $3 trillion at the start of the […]
August 8, 2021
97 NATIONAL ORGANIZATIONS SUPPORT PRESIDENT BIDEN’S TAX PLAN
Dear Member of Congress: President Biden’s Build Back Better proposals provide Congress a historic opportunity to move toward an economy that works for all of us, not just the wealthy and corporations. It includes long-overdue investments that will create good-paying jobs, rebuild communities and expand opportunities for working families that will reduce inequality. Importantly, the […]
Nation’s Tycoons Have Enjoyed a $1.8 Trillion Jump in Fortune Since Pandemic Start; Their Rise in Riches Alone Could Pay for Biden’s Proposed Family Investments The nation’s 713 billionaires have seen their collective wealth grow by an astronomical $1.76 trillion, or nearly 60%, since the start of the pandemic in March 2020, according to the […]
Nation’s Tycoons Have Enjoyed a $1.8 Trillion Jump in Fortune Since Pandemic Start; Their Rise in Riches Alone Could Pay for Biden’s Proposed Family Investments The nation’s 713 billionaires have seen their collective wealth grow by an astronomical $1.76 trillion, or nearly 60%, since the start of the pandemic in March 2020, according to the […]
Bezos, Bloomberg, Buffett, Musk Went Years Paying $0 Income Taxes—Biden’s Plan Would Close Some Loopholes But Many Others Would Remain & Need Closing Today, ProPublica released a blockbuster report showing that billionaires go years without paying any federal income taxes, and when they do pay, the bill is a smaller fraction of their income than […]
Americans for Tax Fairness Executive Director Frank Clemente issued the following statement on news that President Biden has dropped his demand that a bipartisan infrastructure package include an increase in the corporate income tax rate to 28%: “It appears that President Biden has not abandoned his campaign pledge to raise the corporate income tax rate […]