Truthout
Economy
Sanders Announces Budget Committee Hearing on Corporate Greed and Profiteering
“The American people are sick and tired of corporate greed,” Sanders said.
Socialists Take Up Critical Fight for Universal Child Care in the United States
Child care is an ineluctable social need, and has become only more so due to systematic inequality and impoverishment.
Corporate Profits Reached Record High of Nearly $3 Trillion in 2021
Corporate profits increased by 25 percent in 2021 while inflation rose by 7 percent.
Biden Won’t Release Afghanistan’s Central Bank Assets, Even in Face of Collapse
Biden froze billions of dollars in assets despite warnings that it would push Afghanistan closer to economic ruin.
US Oil Firms Set to Reap Up to $126 Billion in Extra Profits Amid War on Ukraine
Rep. Ro Khanna is pushing for a Big Oil Windfall Profits Tax to stop such rampant profiteering.
Bernie Sanders Wants WWII-Style Tax on 95 Percent of Corporate Windfall Profits
A new bill introduced by the Vermont senator targets large corporations as they profiteer from ongoing crises.
Biden’s 2023 Budget Includes a 20 Percent Billionaire Minimum Income Tax
The tax would be levied on unrealized gains from things like stocks, making it similar to a wealth tax.
Student Debt Harms the Economy. Everyone Would Benefit From Its Cancellation.
The Debt Collective is “demanding abolition or cancellation, not forgiveness, because we have nothing to be sorry for.”
Billionaires Would Pay Nearly 100 Times More in Taxes Under New Biden Proposal
The so-called “Billionaire's Tax” would specifically target approximately 700 of the nation's wealthiest people.
Communities Are Paying Amazon to Set Up Shop. It Should Be the Other Way Around.
Economic development incentives or subsidies for Amazon are essentially a form of tax avoidance, says Greg LeRoy.