Truthout
Taxes
House Democrats’ Tax Plan Fails to Eliminate Domestic Fossil Fuel Subsidies
Environmentalists say we must stop tolerating handouts for the fossil fuel industry.
House Democrats’ Proposed Corporate Tax Hike Falls Short of Even Biden’s Plan
Progressive groups were quick to voice their disapproval of the contours of the unfinalized House Democrats' plan.
Katie Porter Pans Manchin for “Fiscally Irresponsible” Opposition to $3.5T Bill
Though the bill is designed to pay for itself, Sen. Joe Manchin has been complaining about the price tag.
93 Groups Urge Congress to “Stand Up” Against Lobbyists on $3.5 Trillion Bill
The coalition encourages lawmakers to keep the tax reform, climate provisions and social program expansions in the bill.
Treasury Finds Wealthiest 1 Percent Dodge Over $160 Billion in Taxes Yearly
The Treasury Department found taxes owed by the ultra rich equal all income taxes paid by the bottom 90 percent yearly.
Exxon-Tied Manchin Is Again Holding $3.5T Bill Hostage Over Climate Proposals
The senator with deep ties to Big Oil wants to apply means testing to key economic programs like universal preschool.
Explosive Report Says Dark Money Fueled Centrist Dems’ Objections to $3.5T Bill
No Labels reportedly offered two of the conservative Democrats what appear to be bribes to help present a united front.
Executives Cut Their Own Salaries to Save Even More on Taxes Under Trump Law
Some business owners used a loophole in the Trump tax cut to reclassify their wages as profit, reducing their tax bill.
Wealth Tax and IRS Funding Could Pay for Entire $3.5T Bill, Warren Writes
The senator writes that her tax plans could pay for the reconciliation and infrastructure plans with money to spare.
New Warren Bill Proposes Taxing Real Company Profits, Not What’s Reported to IRS
The Real Corporate Profits Tax Act would create a 7 percent tax on income over $100 million reported to shareholders.