Truthout
Taxes
Trump Scraps Effort Begun Under Biden to Close Loophole Abused by Ultra-Rich
The regulations could’ve raised $50 billion over a decade by stopping corporate tax dodging through asset manipulation.
Wealthy Could Dodge $30M in Taxes Every Day Under Trump-Musk Plan to Gut IRS
If the IRS cuts 50,000 employees, the agency’s diminished capacity would result in a loss of $395 billion over 10 years.
Trump’s Tariffs on Canada, Mexico and China Will Cost the US $3,000 a Household
Trump is hiking taxes on the working class, and he is doing it in a way that doesn’t require congressional approval.
Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income
This brings Tesla’s average tax rate over the past three years to 0.4 percent.
CA Tax Loophole Benefits Oil and Gas Companies, Undermines Firefighting Revenue
The loophole gives oil and gas companies up to $146 million in annual tax breaks that could be used to combat wildfires.
“We Have to Act”: Taxpayers Suing Congressmembers for Funding Genocide Speak Out
Plaintiff Tarik Kanaana says the lawsuit “has given people something to rally behind and a renewed sense of hope.”
Trump Taps Longtime Corporate Lobbyist Ken Kies for Key Tax Policy Position
If both are confirmed, Kies would work alongside Scott Bessent as Trump pushes an extension of regressive 2017 tax cuts.
Big Tech Backs Trump to Cut Taxes, Deregulate Crypto and Replace Workers With AI
Tech investor Roger McNamee explains why Silicon Valley is responding differently to Trump's second election.
This Decades-Old Legal Loophole Allows Billionaires to Avoid Medicare Taxes
Most working Americans have to pay Medicare taxes, but some of Wall Street’s richest figures found a way to opt out.
Progressives Say Trump’s Pick to Run IRS Will Spark “Open Season for Tax Cheats”
Former Rep. Billy Long has repeatedly sponsored legislation to dismantle the IRS and repeal all estate taxes.