Truthout
Taxes
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.
Walmart and Other Companies Say Trump’s Tariffs Will “Obviously” Raise Prices
The president-elect is planning on imposing a baseline tariff on all foreign-made goods.
Despite Red Wave, Election Brought Some Victories for Economic Equality
Illinois and Washington both saw victories for progressive tax policy, and three red states passed paid sick leave.
Report: Trump’s Policies Would Raise Taxes — Except for the Top 5 Percent
The average middle class worker would see a $1,500 increase on their taxes if Trump's economic policies become reality.
Congressional Dems Call Out Companies That Pay Execs More Than They Pay in Taxes
Among the 35 companies named and shamed were giants like Netflix, Ford and Tesla.