Truthout
Economy
Oxfam Report: US Billionaires Almost a Third Richer Since COVID Hit
"Tax Day is a reminder that the tax system isn't working for ordinary Americans."
IRS Vows to Renew Pursuit of Wealthy Tax Dodgers
With $80 billion in new funding, the agency aims to ramp up audits of wealthy individuals and large corporations.
Luxury Yachts and Private Planes Are Huge Tax Breaks for the Ultrawealthy
The fact that billionaires’ luxury rides come with millions in tax savings says a lot about how the system really works.
Republicans File to Repeal a Tax That Only Affects the Richest 0.1 Percent
Republicans are seeking to close the loop on tax avoidance for the ultra-wealthy.
Warnings Mount About the Dangers of Long Freight Trains
These “monster trains” are coming off the rails at an alarming rate, but regulators are doing little to curb the risk.
Amid New Banking Crisis, It’s Time to Change the Rules of the Game
Banks have shown time and again that "self-regulation" doesn't work. We must seriously consider the alternatives.
Credit Suisse Helped Ultra Rich Americans Hide Over $700 Million From IRS
Sen. Ron Wyden said GOP budget cuts decimated the IRS's ability to “root out this kind of offshore tax evasion scheme.”
Undocumented Workers and Freelancers Demand Unemployment Safety Net in New York
Hundreds of thousands of workers are currently excluded from receiving unemployment insurance in New York State.
The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says
One researcher called the SVB bailout "a good illustration of the enormous class bias in American policymaking."
Report: Trump, Bush Tax Cuts Have Largely Driven National Debt Issues Since 2001
“The United States does not have a high-spending problem; it has a low-tax problem,” the report concludes.