Truthout
Economy
IRS Announces It Will Crack Down on Loophole Exploited by the Superrich
The Treasury Department estimates that the new IRS initiative could raise more than $50 billion in federal revenue.
New Biden Rule Would Ban Medical Debt From Credit Reports
However, critics point out that the new rule fails to address the root of the issue: access to affordable health care.
Despite Historic Levels of Inequality, Yellen Opposes Global Billionaires’ Tax
The treasury secretary will not back a plan at the upcoming G7 to set a minimum rate for the planet's ultrawealthy.
IRS Finds Trump Used Dubious Accounting Maneuver to Claim Improper Tax Breaks
Losing a yearslong audit battle over the claim could see the ex-president facing a tax bill of more than $100 million.
Corrupt Real Estate Firms Are Displacing Indigenous Mexicans in New Colonialism
Locals say the real estate industry is using organized crime, intimidation and even arson to clear the way for profits.
The Era of Lean Production Is Coming to an End. What Does That Mean for Workers?
Climate crisis and the COVID pandemic have revealed the cracks in global supply chains. What comes next?
One Mistake Led to a Lifetime Ban of SNAP Benefits. This Reform Can Resolve It.
Lawmakers introduced the RESTORE Act to prevent further harm to those affected by the criminal justice system.
Harms of US Blockade Against Cuba Compound as Food and Energy Crises Spread
Having survived the US blockade for 62 years, Cuba is enduring its worst economic crisis since the collapse of the USSR.
Climate Crisis Will Shrink Average Global Income 19 Percent in the Next 26 Years
Countries least responsible for climate change may see 40 percent greater income loss than higher-emission countries.
Nobody “Earns” a Billion Dollars. We Need a Wealth Tax.
Economist James K. Boyce analyzes new data on US disparities and frames environmental degradation as a class issue.