Wealth Gained by Billionaires Amid COVID Could Pay for Two-Thirds of Relief Bill
America’s billionaires have made so much money they could fund two-thirds of President Biden’s American Rescue Plan (ARP) with just...
Category: Inequality
Warren To Immediately Introduce Wealth Tax Bill
Nearly one year after suspending a presidential campaign that she built on the idea of a national wealth tax, Sen....
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...
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...
Trump Administration Finalizing Last-Minute Safety Net Cuts
The American people have voted to kick President Donald Trump out of the White House, but in its waning weeks,...
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...
Studies Show 8 Million Forced Into Poverty Since McConnell Let Relief Expire
The authors of two separate poverty studies out of three top universities said Thursday that their findings make the unmistakable...
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...
Millions of Children Go Hungry as Mitch McConnell Blocks Stimulus Bill
Millions of children across the United States are already going hungry amid the economic recession spurred by the COVID-19 pandemic,...
Minivans at the Food Pantry: Meet America’s New Needy
LAKESIDE, Calif. — This is America: a family crammed in a minivan driving mile after mile across San Diego County,...
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...
‘I don’t trust him’: How Trump abandoned workers when they needed him the most
Kenny Overstreet scrounges every penny—and even sells the eggs his chickens lay—to make ends meet after Packaging Corporation of America...
‘A Homeless Pandemic’ Looms As 30 Million Are At Risk Of Eviction
Cruz Santos thought her life was finally turning around in early March when she found a job at a shoe...
GOP COVID Relief Plan Includes Romney Bill to Slash Social Security and Medicare
Shortly after publicly ditching one attack on Social Security — the payroll tax cut — Senate Majority Leader Mitch McConnell confirmed Thursday...
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...
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...
Right-Wing Austerity Set New Orleans Up to Be a Coronavirus Disaster
New Orleans — Back in 1997, when Steve Scalise was a Louisiana state representative, he joined other right-wing lawmakers in...
Rand Paul’s Office Won’t Say How He Got Coronavirus Tested Before Sick People
Sen. Rand Paul’s office has refused to say how the Senator from Kentucky was able to get tested for coronavirus...
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...
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...
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...
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...
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...
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...
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...
America’s richest 400 families now pay a lower tax rate than the middle class
The U.S. tax system is supposed to be progressive, meaning that wealthier households pay a larger share of their income...
Cutting Health Benefits of 1,900 Whole Food Workers Saved World’s Richest Man Jeff Bezos What He Makes in Less Than Six Hours
When billionaire Jeff Bezos cut health benefits on September 13 for part-time workers at his grocery store Whole Foods the...
AFL-CIO Chief: Trump Has Opposed Every Increase in the Minimum Wage
In an interview ahead of Labor Day, AFL-CIO chief Richard Trumka said workers across the nation are suffering under President...
Robert Reich: It’s Trump And His Oligarch Friends Against Everyone Else
I keep hearing that the Democratic party has moved “left” and that Democratic candidates may be “too far left”. But...
‘Eye-popping’ analysis shows top 1% gained $21 trillion in wealth since 1989 while bottom half lost $900 billion
Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published Friday found that the top one percent of...
Uber founder buys $72.5 million mansion as Uber drivers live in their cars
As rideshare drivers across the U.S. and around the world continue to struggle for decent wages, benefits, and the basic right to...
Top one percent gained $21 trillion in wealth since 1989 while bottom half lost $900 billion
Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published Friday found that the top one percent of...
Robert Reich: The 12 biggest myths about raising taxes on the rich
Some politicians are calling for higher taxes on the rich. Naturally, these proposals have unleashed a torrent of opposition –...
The Trump-GOP Tax Law Continues To Crater As Refunds Plummet By 17 Percent
The Trump-Republican tax scam continued to rear its ugly head for the third straight week as figures released late Friday...
The gap between productivity and worker pay has increased dramatically since 1973
Most Americans believe that a rising tide should lift all boats—that as the economy expands, everybody should reap the rewards....
World’s 26 richest people own as much as poorest 50%
The growing concentration of the world’s wealth has been highlighted by a report showing that the 26 richest billionaires own...
Trump’s economy is great for billionaires, not for working people: Bernie Sanders
Donald Trump tells us the US economy is “absolutely booming”, the “strongest we’ve ever had” and “the greatest in the...
What does Alexandria Ocasio-Cortez know about tax policy? A lot. — Paul Krugman
I have no idea how well Alexandria Ocasio-Cortez will perform as a member of Congress. But her election is already...
“Speaker Ryan will always be remembered for rigging the system to prioritize the wealthy”
As House Speaker Paul Ryan (R-Wis.) delivered his farewell address on Wednesday after 20 years of relentlessly working to gut social programs for the...
