Truthout
Economy & Labor
1 Percent Owes Billions in Unpaid Taxes. IRS Must Reclaim It for Infrastructure.
Want to cause a real ruckus, President Biden? Draft a bill to overhaul the IRS and tax trillions stashed by the rich.
White House Eyes Funding Free Community College With Tax Increase on the Rich
The White House is discussing tax increases for corporations and the wealthy to fund a $3 trillion infrastructure bill.
Progressives Say Biden’s Infrastructure Plan Falls Short
Critics warn that the legislation's projected $3 trillion price tag is not enough to meet the current needs.
IRS Researchers Find Top 1% of US Households Don’t Report About 21% of Income
The new analysis finds that these households often use complex tax avoidance strategies to outmaneuver audits.
Progressives Demand Repeal of Paygo Law as Automatic Medicare Cuts Loom
Statutory Paygo requires deficit spending to be offset by cuts to government programs.
Interest in Public Banks Is Surging This Year
Publicly owned banks around the world have responded quickly and efficiently to crises.
Biden Labor Board Strikes Barrier to Unionization of 1.5 Million Grad Students
Organizers are hoping that the withdrawal of a Trump-era rule rejuvenates unionization efforts among graduate students.
Our Taxes Subsidize as Much as 74 Cents of Every Dollar Donated by a Billionaire
Our system subsidizes the “generous” donations of billionaires in the form of lost tax revenue.
How Union Activists Pushed Congress to Save Hundreds of Thousands of Pensions
Teamsters organized to win $86 billion from Congress, as part of the $1.9 trillion COVID relief bill.
20 Rural Hospitals Closed in 2020. 13 Were in the South.
The closures will leave many rural communities without their primary employer and main economic infrastructure.