Wilbur Ross is the Ebenezer Scrooge of the Trump administration
The comparisons between Charles Dickens’ miserly, Christmas-hating curmudgeon, Ebenezer Scrooge, and members of President Donald Trump’s Cabinet flow fast and...
Category: Richest One Percent
Trump Back At Mar-A-Lago, Raising Taxpayer Golf Tab To $151.5 Million
Donald Trump has arrived at his Palm Beach, Florida, resort for the 31st golf vacation there of his presidency, raising...
After Billionaires Gained $1 Trillion in Wealth, Says Sanders, It Is Not ‘Radical’ to Demand More $1,200 Stimulus Checks
Sen. Bernie Sanders on Friday took to the Senate floor to once again make the case for sending another round...
Argentina Approves Tax on Millionaires to Fund COVID-19 Recovery
Lawmakers in Argentina on Friday approved a new one-time levy on the country’s richest citizens to raise money to address...
Poll: Two-Thirds of Americans Favor Raising Taxes on Incomes Over $400K
A compelling majority of Americans favor raising taxes on people who make more than $400,000 per year, according to a...
McConnell Pushes for ‘3-Martini Lunch’ Deduction and Zero Relief for 26 Million Hungry Americans
Sen. Bernie Sanders on Wednesday blasted Senate Majority Leader Mitch McConnell for pushing a coronavirus relief measure that contains a...
GAO report details how taxpayers subsidize corporate giants who pay low wages
Pinpointing a reality denounced as “morally obscene” by Sen. Bernie Sanders, a new government study shows how some of the...
Trump Freezes Wages of Farmworkers Following Election
ust days after U.S. voters went to the polls to help deny President Donald Trump another four years in the White House,...
Kushner’s apartment management company moves to evict hundreds of families as COVID moratoriums expire
Westminster Management, a residential management company owned by White House Senior Advisor Jared Kushner, has quickly moved in to file for...
Low-income Mississippi county is a favorite IRS target — and residents pay more than Trump in taxes
When the late New York City real estate magnate Leona Helmsley infamously said “only the little people pay taxes,” she spoke the...
Billionaire wealth rises to more than $10 trillion for first time ever amid pandemic
Billionaire wealth increased to $10.2 trillion through the end of July, setting a new record amid the coronavirus pandemic even...
Dark Money Behind Supreme Court Nominee Amy Barrett
The Senate Judiciary Committee hearings on the nomination of Amy Coney Barrett to the Supreme Court are one part comedy,...
Obamacare repeal would bring a huge tax cut for the rich
The fate of the Affordable Care Act (ACA), known as Obamacare, lies with the Supreme Court: The nation’s highest court will...
Our Tax Code Is Designed To Create Donald Trump
In 2011, The New York Times published what was, at the time, the most shocking expose on tax policy in...
Taxpayers looking at their monthly bills have a lot of thoughts about Trump’s $750 tax bill
The $750 in federal income taxes that Donald Trump paid in 2016 and 2017 is an attention-grabbing number—in large part...
Paul Krugman: Stocks are soaring. So is misery.
On Tuesday, the S&P 500 stock index hit a record high. The next day, Apple became the first U.S. company...
Another Sleazy Trump Crony Arrested
Former White House chief strategist Steve Bannon was arrested Thursday after being charged with defrauding hundreds of thousands of donors...
Paul Krugman: ‘Cult of selfishness’ behind GOP’s destructive response to coronavirus pandemic
Johns Hopkins University in Baltimore has reported a COVID-19 death count of more than 148,000 for the United States, which has...
Trump family business profits from reelection bid amid pandemic
While President Trump faces bruising poll numbers amid the coronavirus pandemic and financial crisis, his family business continues making money off his...
Mary Trump’s book reveals how Trump family gave rise to a ‘sociopath’
In a new book, Mary Trump — the president’s niece — describes Donald Trump as a “sociopath” who grew up...
US billionaires have regained $565 billion in wealth since the pit of the crisis
The past three months have been financially painful for many Americans — but not for billionaires.US billionaires have become $565 billion richer...
Billionaires’ Net Worth Rises During Pandemic As Millions Go Unemployed
U.S. billionaires’ wealth grew substantially over the last two months even as tens of millions of Americans lost their jobs,...
Big Oil Takes $1.9 Billion in Tax Breaks Intended for Small Businesses
Sen. Bernie Sanders was among critics outraged that the fossil fuel industry is using tax breaks in the CARES Act...
Trump Wanted Less Testing Because Jared Kushner Said It Would Spook Wall Street
On March 6, President Donald Trump issued out the now-infamous proclamation about coronavirus testing, in order to ease rising fears...
Trump Campaign Secretly Paying $180,000 A Year To His Sons’ Significant Others
President Donald Trump’s campaign is secretly paying one Trump son’s wife and another one’s girlfriend $180,000 a year each through...
How the Republicans are stealing everything for the 1 percent
Enjoy your $1,200 one-time consolation prize for losing your livelihood, your way of life, and your economic security in this...
The Billionaires Putting Their Wealth Above Public Health Amid the Pandemic
While millions are facing health and financial uncertainty and unemployment rolls are reaching record levels due to the novel coronavirus...
Virus Relief Bill Would Allow Mnuchin To Hand Out $500 Million ‘Slush Fund’ To Secret Corporations
The White House on Sunday reportedly refused to back down from its demand that a coronavirus relief package include $500...
Michael Bloomberg is trying to buy the presidency – that should set off alarms: Robert Reich
We haven’t seen his name on any of the ballots in the first four states, but that’s about to change....
Slices of Real Pie Show the Huge Wealth Gap in the U.S.
A four minute video that aired on CBS Friday morning was praised for using slices of real pie to show the huge...
Republican lawmakers personally made millions from their giant tax cut: report
Although the Tax Cuts and Jobs Act of 2017 did precious little to reduce the tax burden of middle-class Americans,...
Inequality in the Trump economy just keeps getting worse
Every month when the Bureau of Labor Statistics releases its monthly jobs report, Donald Trump and Republicans crow about the...
How Trump quietly handed billions more in tax breaks to huge corporations
A “disturbing” New York Times story published Monday detailed how President Donald Trump’s Treasury Department, led by former Goldman Sachs banker Steve...
Robert Reich: How Trump has betrayed the working class
Trump’s corporate giveaways and failure to improve the lives of ordinary working Americans are becoming clearer by the day. Trump...
New data shows income of top 1 percent has grown 100 times faster than bottom 50 percent since 1970
New data released Monday explains the numbers behind Sen. Bernie Sanders’ often-cited statistic that the three richest Americans hold more...
Trump Takes Food Away From 755,000 Americans Before Christmas
The Trump administration has finalized a rule change to the SNAP program that will take away food from 755,000 Americans...
Poll Finds That Even Most Republicans Back Warren’s Ultra-Millionaire Tax
New polling results released Friday find broad support for Sen. Elizabeth Warren’s proposed wealth tax, with Americans across most demographic...
Trump Busted For Bank And Tax Fraud In Newly Obtained Documents
Property documents reveal that Donald Trump has been listing higher values on his loan applications and lower values on his...
Warren Suggests Corporate Media Ask Working People, Not Just the Very Rich, About Her Wealth Tax
Sen. Elizabeth Warren on Wednesday evening called out the news media for focusing their coverage of her proposed Ultra-Millionaires Tax largely...
Bernie Sanders says Bloomberg’s moves toward 2020 bid shows ‘billionaire class is scared’
Sen. Bernie Sanders said Thursday night that America’s billionaire class is “scared,” and rightly so, after numerous outlets reported that...
Robert Reich: Billionaires fear Warren and Sanders – but they should fear us all
Billionaires are wailing that wealth tax proposals by Elizabeth Warren and Bernie Sanders are attacks on free-market capitalism. Warren “vilifies...
Trump Ordered to Pay $2 Million for Charity Fraud
A New York judge has ordered President Donald Trump to personally pay $2 million to settle the state attorney general’s...
‘Tax Dodger-in-Chief’ Trump Changes Permanent Residency From New York to Florida
In the midst of a heated court battle with Manhattan over his tax returns, President Donald Trump announced Thursday night...
Democrats Take Aim at ‘Trust Fund Babies’ With Estate Tax Designed to Combat Wealth Inequality
California Congressman Jimmy Gomez on Friday introduced legislation in the Democrat-controlled U.S. House that aims to address “our country’s rapidly...
Government To Borrow One Trillion Dollars To Pay For Tax Cuts For Billionaires
The Treasury Department is being forced to borrow a staggering $1 trillion for the coming fiscal year, after the Republican...
Trump Responds To Impeachment By Trying To Take Away Free School Meals From A Million Kids
The Trump administration is trying to change eligibility requirements so that 1 million kids would lose access to free school...
