Truthout
Taxes
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.
Study Finds Wealth Tax, Oil Subsidy Phaseout Could Generate $5T for Climate
The new report was released as world leaders gathered in New York City for UN General Assembly talks.
US Could Fully Fund Social Security by Targeting Wealthy Tax Dodgers, Wyden Says
“The ultra-wealthy are avoiding nearly $2 trillion in taxes every 10 years,” Sen. Ron Wyden said during a hearing.
US Leads World in Subsidies for Ineffective Tech Fixes for Climate Crisis
Over the last 40 years, the US has spent $12 billion in taxpayer money for carbon capture technology.
Project 2025 Proposal Would Tax Benefits for More Than 15 Million Workers
A new analysis finds that the policy would particularly cut into employer-sponsored health insurance.
Report: US Allows Tax Incentives for Donations to Israeli Groups Blocking Aid
Three groups, including one sanctioned by the U.S., have raised $200k in tax deductible donations.