Truthout
Taxes
Despite Progressive Posturing, Newsom Opposes Popular CA Wealth Tax Proposal
The “emergency billionaires tax” would offset the billions of dollars being stripped from CA Medicaid recipients.
Trump Continues to Slash Corporate Taxes as GOP Pushes to Cut Medicaid and SNAP
The administration has gutted enforcement of a corporate tax enacted as part of the Biden-era Inflation Reducation Act.
Wealth Taxes Will Barely Slow Inequality. So Why Do the Super-Rich Resist Them?
A 2 percent wealth tax is like shaving off a fraction of a spire from a large cathedral, says economist Nancy Folbre.
CA Organizers’ Proposal Would Tax Billionaires to Mitigate Medicaid Cut Harm
One of the largest health care worker unions is spearheading the push to get the proposal on the November 2026 ballot.
Appeals Court Strikes Down Trump’s Tariffs as Illegal and Unconstitutional
The tariffs will remain in effect until October, giving the Trump administration time to bring the case to SCOTUS.
Sanders Introduces “Pensions for All Act” to Ensure Workers Can Retire
Only 9 percent of Americans have pensions today, compared to 44 percent in 1975.
Trump Plans to Hand Taxpayer Data to Homeland Security to Speed Up Deportations
The system, which would enable sharing of massive amounts of sensitive data, may be launched before the end of July.
“Tax-Dodging Consultant” Is Now the US Treasury’s Top Tax Policy Official
As a lobbyist, Ken Kies secured tax giveaways for major corporations. Now, he’s helping implement the GOP budget bill.
Mamdani Says Billionaires Shouldn’t Exist: “What We Need More of Is Equality”
Mayoral candidate Zohran Mamdani has proposed raising taxes on corporations and the wealthy in New York City.
GOP Proposals for Tax Restrictions May Defund States’ Medicaid Programs
The loss of revenue could shrink access to health care for some of the nation’s poorest and most vulnerable people.