Tag: taxes
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.
The United States needs a ‘Robin Hood Tax’
A giant tax fight awaits next year—when a number of the 2017 tax cuts for the rich and businesses expire.
Kamala Harris signals support for billionaires tax amid growing wealth inequality
This endorsement marks a crucial step in addressing the widening wealth gap in the country, particularly as billionaires continue to amass vast fortunes while millions of Americans struggle financially.