Truthout
Economy & Labor
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.
Alabama Amazon Workers Were Forced to Work as Mysterious Gas Filled Warehouse
While workers on one floor of the building were evacuated, others were kept in the dark, according to the RWDSU.
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.
Research Finds Investment in Permanent Child Tax Credit Would Pay Off 10-Fold
Raising family incomes by $1,000 yearly would cost $97 billion and create $982 billion in benefits, research finds.
Ilhan Omar Introduces Bill to Guarantee Housing as a Human Right
The bill would repeal the Faircloth Amendment, which places a hard limit on the amount of public housing in the country.
Fossil Fuel CEOs Have Seen Their Stocks Soar Nearly $100 Million Since January
Wall Street investors have been pressuring companies to keep shares high as consumers pay over $4 a gallon to fill up.