Sticking to his commitment since the 2020 campaign to make the rich and corporations start paying their fair share of taxes and use that money to create an economy that works for all of us, President Biden today released a budget that would raise $4 trillion in tax revenue over the next ten years and […]
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 […]
May 17, 2021
UNION LETTER ON WYDEN INTERNATIONAL TAX WHITE PAPER
Dear Chair Wyden and Senators Brown and Warner: The undersigned unions write to respectfully offer comment and feedback on your very useful framework for “Overhauling International Taxation”. We commend you for leadership in addressing our country’s convoluted, ineffective and ultimately destructive system for taxing the foreign profits of U.S. corporations. The current rules not only […]
Today, the Washington Post reported that four big drug companies plan to deduct opioid-abuse settlements from their corporate taxes, saving each company roughly $1 billion, at the expense of American taxpayers. And those deductions are supercharged thanks to a provision in the coronavirus-relief CARES Act enacted last March. Companies generally may not write off amounts […]
December 13, 2018
Analysis: The Trump-GOP Tax Cuts One Year Later
The Trump-GOP tax cut law, formally known as the Tax Cuts and Jobs Act (TCJA), passed Congress Dec. 20, 2017, and was signed into law by President Trump two days later. As we approach the law’s first anniversary, Americans for Tax Fairness recaps the major elements of the plan and analyzes its effects so far […]