Truthout
Taxes
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.
Republicans Balk at Infrastructure Adding to Deficit After Opposing Pay-Fors
Republicans have rejected proposals to tax corporations and the rich and a proposal to enforce tax law on the rich.
In Nod to Tax-Dodging Donors, Republicans Nix IRS Funding for Tax Enforcement
Republicans have dropped a proposal to increase funding for the IRS from the bipartisan infrastructure bill.