Wednesday, February 19, 2025

Tag: taxes

GOP’s $4.5 trillion tax giveaway: Slashing Medicaid and food stamps to...

House Republicans propose massive tax cuts for billionaires while gutting Medicaid, food assistance, and student loan programs, sparking outrage from lawmakers and advocacy groups.

Heard about buy-borrow-die? Meet buy-hold for decades-sell

We don’t need to just close the buy-borrow-die loophole. We desperately need to shut the buy-hold for decades-sell loophole just as firmly.

How billionaires have sidestepped a tax aimed at the rich

Lawmakers created a new type of Medicare tax to capture the kinds of income the rich often enjoy, but a host of billionaires have managed to avoid paying it.

Taxing Big Oil could boost UN loss and damage fund by...

Targeting the world’s seven largest publicly traded oil and gas companies—ExxonMobil, Shell, Chevron, TotalEnergies, BP, Equinor, and ENI—the tax would hold major polluters accountable for their contributions to the climate crisis.

Segregation academies across the South are getting millions in taxpayer dollars

Segregation academies that remain vastly white continue to play an integral role in perpetuating school segregation—and, as a result, racial separation in the surrounding communities.

“Billionaires and big corporations sharpening their knives”: Progressive tax groups sound...

With a Congress poised to push for sweeping tax cuts for the wealthy and corporations, progressive organizations brace for a fierce battle to prevent policies that would deepen inequality and burden working Americans.

Lawmakers demand tax reform as major corporations pay executives more than...

Senators Warren and Whitehouse, along with Representative Casar, lead a call for fair taxation amid revelations of corporate tax avoidance and CEO overcompensation.

Ending oil subsidies and taxing the rich could unlock $5 trillion...

The report, released during the United Nations General Assembly talks and ahead of the COP29 climate summit, outlines a series of proposals that could shift resources away from environmentally harmful practices and toward sustainable development.

Harris breaks with Biden on capital gains tax based on ‘failed...

Speaking to supporters, Harris emphasized the importance of supporting investment in small businesses and innovation while ensuring that the wealthy pay their fair share.

Project 2025: How the far-right’s tax plan would hike middle-class taxes...

Project 2025, a far-right agenda, proposes radical tax reforms that would disproportionately burden middle-income Americans while granting significant tax breaks to the wealthiest households and large corporations.

POPULAR

What the tawdry stunt to rename the Gulf of Mexico exposes about appalling, arrogant...

Behold imperial bellowing, another classic MAGA “bargain” that costs millions and lowers our prestige.

Trump’s education department freezes civil rights investigations while targeting schools over ‘culture war’ issues

Since returning to office, the Trump administration has stalled thousands of civil rights investigations in education while redirecting federal enforcement toward politically motivated cases.

Musk’s double standard: SpaceX wins government contract while public services face deep cuts

A $38.85 million contract awarded to Elon Musk’s SpaceX sparks outrage as his government office slashes funding for health care, education, and social programs.

Trump official destroying USAID secretly met with Christian nationalists abroad in defiance of US...

Peter Marocco’s turbulent tenure during the first Trump administration sheds light on his current efforts to dismantle the American foreign aid system from the inside out.

Tesla paid zero federal income tax in 2024 while GOP pushes more corporate tax...

Musk’s trillion-dollar company paid nothing in federal taxes while working Americans foot the bill.