New York Gov. Kathy Hochul and Democratic legislative leaders nix a landmark proposal that would have made Hochul’s fossil fuel donors pay for their pollution.
Greased by lobbying and campaign cash, tax breaks for retirement savings are one thing Congress agrees on. But they also blow out the deficit and add to income inequality.
Michael Graetz’s new book explains how clever marketing duped America into shoveling more tax breaks to the wealthy and corporations.
There are now 813 billionaires with $5.7 trillion in wealth, making the ten-figure club even more powerful economically and politically. We need a progressive taxation system to reverse inequality.
Tesla, Ford, Netflix, and T-Mobile are among scores of profitable U.S. firms that pay their top executives more than they pay in federal taxes.
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How billionaires pay little in taxes compared with their massive wealth — sometimes even nothing, explained in one minute
The business tax credits in the Wyden-Smith deal are five times as generous as the Child Tax Credit expansion, according to government scorekeepers.
Tax justice activists are pursuing the tax scofflaws. To escape taxes, it may not be enough for Jeff Bezos to move to Florida. He may have to move to Mars.
These two efforts build on the success of the federal Child Tax Credit in reducing child poverty and improving outcomes for children in the near and long term and are important tools for advancing equity.
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