Truthout
Economy
Bipartisan Tax Bill Offers Generous Corporate Tax Relief, Inadequate Poverty Aid
A proposed bill increases the child tax credit, but fails the poorest families. Yet corporations would see a windfall.
Poll: 74 Percent of Millionaires in G20 Countries Support Higher Taxes on Wealth
Meanwhile, 260 millionaires and billionaires signed a letter imploring leaders to raise taxes on rich people like them.
World’s 5 Richest Men Have Added $14M to Their Wealth Every Hour Since 2020
Elon Musk was the biggest winner of the last three years, multiplying his fortune by over seven times.
In 41 States, Richest 1 Percent Pay Lowest Tax Rate of Any Group
In 34 states, the families with the lowest incomes pay the highest tax rate of any other group.
Workers at Boeing Subcontractor Told to Falsify Records, New Investigation Finds
"Employees had tried to warn corporate officials about serious safety problems," says David Sirota of The Lever.
US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022
"This is why we need a billionaire income tax," Americans for Tax Fairness said.
We Must Reckon With the Most Dangerous System of Extinction Humans Ever Created
Capitalism, especially U.S. militarized capitalism, is a structural extinction force we need to confront foremost.
28 Million People in the US Experienced Food Scarcity This Fall
“A full 10 million older Americans worry about having enough food, which is unacceptable,” said one advocate.
Student Loan Repayments Weigh on Young People Facing Holiday Spending
Borrowers were already struggling to make ends meet before the pandemic payment pause ended in October.
Social Security Clawbacks Are Driving Some Recipients Into Homelessness
The government is imposing debts that can reach tens of thousands of dollars against those least able to pay.