ProPublica revealed that billionaires are paying virtually no tax. Congress can address the problem by adopting President Biden’s proposals on capital gains and stepped-up basis.
Congress should help pay for national investments by making the wealthy and corporations pay the taxes they already owe.
The Trump administration’s tax bill increased inequality and cut taxes for the wealthy, while leaving Latinos, regardless of income, behind.
The Trump administration’s tax policies have overwhelmingly favored the wealthy.
Congress should close—not expand—capital gains loopholes and tax income from wealth the same as income from work.
Making Washington, D.C., a state would end more than 200 years of disenfranchisement for the Americans who call it home.
New reports illustrate the toll that IRS budget cuts have taken on tax enforcement.
Corporate and payroll tax cuts are exceptionally poor solutions to the crisis at hand.
Congress should put hundreds of thousands of Americans back to work by extending the renewable energy tax credits and making them refundable for hard-hit companies that can’t take advantage of them during the coronavirus-fueled economic downturn.
Assisting business liquidity is a crucial part of the policy response to today’s economic crisis. While some business tax measures can be helpful, policymakers must ensure that such measures are well-targeted, temporary, and effective, setting the stage for strengthening the corporate tax in the years ahead.
Weakened tax enforcement rigs the economy against workers and honest taxpayers.
The rumored elements of the Trump administration’s Tax Cuts 2.0 plan are skewed to people with higher incomes, just like the 2017 tax law.
Certain reforms to international corporate tax policy would raise revenue, reduce profit shifting, and discourage the offshoring of economic activity.
In order to increase tax fairness for workers, the federal government should immediately restore the tax deduction for union dues and make it available for all workers who support their unions, not just those who itemize.
The massive corporate tax cut is costing more than expected and not trickling down to workers.