POLLING & PUNDITS AGREE: REFORMING THE RIGGED TAX SYSTEM TO INVEST IN INFRASTRUCTURE, HEALTHCARE, CHILDCARE, EDUCATION & GREEN ENERGY IS WIDELY & WILDLY POPULAR (Washington, D.C.) President Biden’s bold plan to raise $3.6 trillion through fairer taxes on the wealthy and corporations to help pay for improved infrastructure, childcare, healthcare, education, green energy, and more […]
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 […]
By Pairing ‘American Jobs Plan’ With ‘Made in America Tax Plan’, President Aims to Strengthen Physical and Human Infrastructure While Ensuring Corporations Start Paying Their Fair Share of Taxes The following is a statement from Frank Clemente, executive director of Americans for Tax Fairness (ATF), regarding President Biden’s American Jobs Plan (AJP). The ATF coalition […]
Dear Member of Congress, We write to express our support for the No Tax Breaks for Outsourcing Act (S.___ / H.R.___), which would eliminate harmful incentives to move the corporate tax base as well as real operations – American jobs and investment – offshore. The bill would ensure that U.S. multinational corporations pay at least […]
by Frank Clemente, Executive Director of Americans for Tax Fairness On behalf of Americans for Tax Fairness and its coalition of more than 400 endorsing organizations, I write to submit testimony for the record for the committee hearing on Tuesday, February 11— “The Disappearing Corporate Income Tax.” We commend the committee for having this […]
House Panel Urged to Spotlight Puny Raises, Slow Growth, Collapsing Investment from Corporate Cuts Benefitting Huge Firms While Losing a Fortune in Federal Revenue Corporate tax cuts at the center of 2017’s Tax Cuts and Jobs Act (TCJA) have failed to deliver the boost to workers and the economy promised by its Republican backers two […]
December 10, 2019
KEY FACTS ABOUT INCOME, WEALTH & TAXES
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 […]
April 8, 2019
COSTLY CORPORATE TAX CUTS BENEFIT FEW WORKERS
Table of Contents INTRODUCTION.. 1 Figure 1: Corporate Tax Revenues Collapse from TCJA.. 3 Figure 2: Corporate Profits Up, Corporate Tax Revenues Down. 3 Figure 3: Few Employers Have Announced Raises or One-Time Bonuses. 4 Figure 4: Corporate Tax Cuts Going Mostly to Wealthy Shareholders & CEOs. 4 EXAMPLES OF HOW CORPORATIONS ARE SPENDING THEIR […]
July 23, 2018
ANOTHER DAY, ANOTHER CORPORATE TAX BREAK
House Republicans Continue Their Assault on the ACA With Vote This Week to Repeal Medical Device Tax A new analysis from Americans for Tax Fairness of medical device industry revenue and profits shows that the industry is doing quite well and not in need of a new tax cut from the House of Representatives, which is […]
Today, August 30, 2017, President Trump will promote his plans to change the nation’s tax code at a closed-to-the-public event in Springfield, Missouri. The speech will take place at a business owned by one of his campaign donors. While we don’t know quite what the president will say, we can predict a few claims based […]