Joe Biden’s plans would target the ultra-wealthy for more tax dollars — and they’re getting nervous
President Joe Biden has been highly critical of the corporate tax cuts of the Trump era, complaining that the Tax...
Category: Richest One Percent
Here’s how rich mega-doners hacked US politics
Just 12 megadonors contributed roughly $1 in every 13 dollars spent on recent campaigns for federal office, as well as the...
Congresswoman Jayapal Calls for Crackdown on Wealthiest After IRS Chief Says Tax Evasion Costs US $1 Trillion a Year
Following IRS Commissioner Charles Rettig’s admission Tuesday that tax dodgers are depriving the federal government of as much as $1...
How The Rich Hide Their Wealth — And How To Stop Them
Chuck Collins knows how rich people hide their money. Collins was an heir to the Oscar Mayer wiener fortune, an inheritance...
What would happen if we actually taxed the rich?
Income and wealth are now more concentrated at the top than at any time over the last 80 years, and...
Inside the Koch-Backed Effort to Block the Largest Election-Reform Bill in Half a Century
In public, Republicans have denounced Democrats’ ambitious electoral-reform bill, the For the People Act, as an unpopular partisan ploy. In...
America’s Richest 1% Dodge Taxes On More Than A Fifth Of Their Income, Study Finds
The top 1% of the highest-earning American households are hiding 21% of their income from the Internal Revenue Service, costing...
Faces of Greed: The Walton Family of Walmart
Bernie Sanders: I say to the Walton family of Walmart: the American people are sick and tired of subsidizing your...
Biden To Raise Taxes On The Rich After Cutting Child Poverty In Half
President Biden cut child poverty in half with the American Rescue Plan, and he is following it up by making...
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...
Sen. Bernie Sanders Says Taxpayers Should No Longer Subsidize Walmart’s Starvation Wages
With the possibility of getting a more straightforward $15 federal minimum wage increase passed under the reconciliation process as part...
Manhattan DA Cy Vance Has Trump’s Taxes
Donald Trump’s taxes were officially handed over to the Manhattan D.A.’s office on Monday, just hours after the Supreme Court...
Legislative Proposal to End ‘Runaway Tax Evasion’ by US Millionaires and Billionaires
Congressman Ro Khanna on Thursday unveiled legislation to help the Internal Revenue Service “put an end to runaway tax evasion...
Dallas billionaire natural gas producer watches profits soar as Texans freeze
Record cold temperatures combined with widespread power outages have brought considerable misery to millions of Texas residents. But one person...
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....
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...
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...
