Truthout
Tax Cuts
GM, Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits
The new analysis comes as the auto giants claim they cannot afford striking workers' demands for better pay.
Top 1 Percent Would Get $28B in Tax Cuts Under New Republican Plan
The average member of the 1 percent would save $16,550 under the plan. A person in the bottom 20 percent would save $40.
Republicans Follow Debt Limit Fight by Pushing More Corporate Tax Cuts
The proposals include eliminating tax credits for green energy and repealing a tax on toxic chemical waste sites.
GOP Tax Cut Plan Would Add $3.5T to Deficit, Congressional Budget Office Finds
If the GOP got its way, trillions would be transferred from the public straight into the pockets of the rich.
Republicans File to Repeal a Tax That Only Affects the Richest 0.1 Percent
Republicans are seeking to close the loop on tax avoidance for the ultra-wealthy.
Report: Trump, Bush Tax Cuts Have Largely Driven National Debt Issues Since 2001
“The United States does not have a high-spending problem; it has a low-tax problem,” the report concludes.
GOP Decries Debt While Introducing Bill to Make Trump Tax Cuts Permanent
The extension would deliver an average tax cut of $175,710 to the richest 0.1 percent, according to one estimate.
The UK Could Be on the Way to Its Third Prime Minister in 3 Months
After nearly toppling U.K. markets to cut taxes on the 1 percent, the new prime minister is hanging on by a thread.
Let’s Replicate Chicago’s Antiwar Organizing Victory Against Boeing
The win against Boeing could inspire more organizing against corporations that fuel militarism on the public's dime.
Nearly 2 Dozen GOP States Are Trying to Use COVID Relief Funds for Tax Cuts
Some states are attempting to finance tax cuts for the wealthy instead of devoting the money to combating the pandemic.