Truthout
Economy
IRS Has Collected Over $1B From Wealthy Tax Cheats, Thanks to New Funding
Republicans have clawed back part of the funding allowing the agency to chase after millionaires for unpaid taxes.
Congo Still Fights to Control Its Own Resources 64 Years After Its Independence
Author and analyst Vijay Prashad discusses how poverty and resource exploitation still ravage the country to this day.
Ahead of the Debates, What Are the Myths and Realities of Biden’s Economy?
Progressive economist Robert Pollin weighs in on “Bidenomics” and the economic policies of Trump’s administration.
The Most Common Essential Jobs in the US Don’t Pay a Living Wage
The economy is improving, but inequality is tearing the US apart. Democrats ignore working-class pain at their peril.
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?