Saturday, December 21, 2024

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.

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Teamsters launch largest strike against Amazon in US history to demand fair wages and...

Amazon workers launch historic nationwide strike, demanding better wages, safer conditions, and union recognition from the $2 trillion corporation.

Pregnant woman in labor cited under Kentucky anti-homelessness law

Pregnant homeless woman in labor ticketed under Kentucky’s anti-camping law, sparking national outrage over the criminalization of homelessness.

Elon Musk for Speaker of the House? Republicans float billionaire amid spending bill fight

Republicans propose Elon Musk as Speaker of the House after his role in sinking a spending bill, raising unprecedented ethical and governance concerns.

Israeli soldiers enforce kill zone in Gaza, targeting civilians and leaving bodies to rot

Israeli forces implement open-fire policies in Gaza’s Netzarim Corridor, targeting civilians and leaving corpses uncollected as a warning to others.

Syria’s new fundamentalist government: Women ‘biologically’ unsuited to politics, universities to be segregated

The comments provoked a firestorm of protest among Syrian women and, well, non-fundamentalists.