Truthout
Billionaires
Billionaire Makes Largest Donation in 2024 Election Cycle to Pro-Trump Super PAC
Timothy Mellon, the grandson of plutocrat Andrew Mellon, gave $50 million to the Make America Great Again Inc. in May.
These Powerful Billionaires Disavowed Trump After January 6. Now They Back Him.
Many donors disavowed Trump after the mob attack on the Capitol. Their attitude now? “We’ll get richer if he wins.”
Senate Probe Reveals Thomas Took More Undisclosed Trips on Harlan Crow’s Jet
The gifts make “crystal clear that the highest court needs an enforceable code of conduct” said Sen. Dick Durbin.
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.
Far Right Billionaires Are Waging a War to Capture State Courts
Florida’s abortion ban is just one recent outcome of right-wing billionaires’ effort to capture state courts nationwide.
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.
Nobody “Earns” a Billion Dollars. We Need a Wealth Tax.
Economist James K. Boyce analyzes new data on US disparities and frames environmental degradation as a class issue.
Millionaires’ Effective Tax Rate Has Been Cut by Half Since Mid-20th Century
Between 1945 and 1980, households with a $1 million income or more paid effective tax rates as high as 60 percent.
US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul
Billionaires now control 1 out of every 25 dollars of American wealth.
Dark Money-Funded No Labels Group Drops Long-Shot Third-Party White House Bid
The organization’s donors include wealthy Trump supporters like Nelson Peltz and Blackstone CEO Stephen Schwarzman.