Truthout
Taxes
Taking on the Rich Is Possible. Our Illinois Coalition Won a Tax on Tech Giants.
Our campaign won a digital advertising revenue tax that may generate over $1.1 billion annually for the state’s budget.
Newsom Claims to Support National Tax on Billionaires While Opposing It in CA
“Newsom does not want to tax billionaires,” said the Billionaire Tax Now campaign, “but he wants you to think he does.”
The Average US Taxpayer Spent $4,049 on War and Weapons Last Year
For 50 days out of a year, an average US worker’s income taxes were wholly paid toward militarism.
Bessent Confirms Taxpayers Would Be Paying Trump If He Wins $10B Lawsuit
The Treasury secretary said it would come from the agency’s general fund for tax payments.
Trump Sues the IRS and Treasury for $10 Billion Over Tax Return Leak
Sen. Ron Wyden said Trump is weaponizing taxpayer privacy laws for himself while giving individuals’ tax records to ICE.
A New Tax Will Cut Into a Lifeline for Immigrant Families
Cash, checks, and money orders that millions of immigrants rely on to support loved ones abroad will see new costs.
Poll: Voters Say Billionaires Pay Too Little in Taxes, Back Action on Inequality
The poll found that 8 in 10 Americans view the wealth gap as a problem that is either “very big” or “somewhat big.”
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.