Truthout
Taxes
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.
Former Congressman Confirmed to Head IRS, an Agency He Once Worked to Abolish
Trump pick Billy Long's confirmation “signals open season for wealthy tax cheats,” said Americans for Tax Fairness.
Trump’s “Big Beautiful Bill” Redistributes Wealth From the Poor to the Rich
The CBO has estimated at least 15 million people would lose health care coverage due to the bill’s cuts to Medicaid.
Measure in GOP Bill Incentivizes School Privatization Funders With Tax Breaks
It allows individuals to avoid paying capital gains tax as a reward for funneling public funds into private schools.
Activists Are Fighting Tax Subsidies for Airline Running ICE Deportation Flights
Connecticut activists are making big gains in their campaign against the airlines ICE is using to abduct people.
Trump Scraps Effort Begun Under Biden to Close Loophole Abused by Ultra-Rich
The regulations could’ve raised $50 billion over a decade by stopping corporate tax dodging through asset manipulation.
Wealthy Could Dodge $30M in Taxes Every Day Under Trump-Musk Plan to Gut IRS
If the IRS cuts 50,000 employees, the agency’s diminished capacity would result in a loss of $395 billion over 10 years.
Trump’s Tariffs on Canada, Mexico and China Will Cost the US $3,000 a Household
Trump is hiking taxes on the working class, and he is doing it in a way that doesn’t require congressional approval.
Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income
This brings Tesla’s average tax rate over the past three years to 0.4 percent.
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.