From the Economic Policy Institute (http://www.epi.org/): House Republicans have unveiled their tax plan, and you shouldn’t believe the hype. They’ll tell you that high-income households won’t receive tax breaks. And that their tax plan will result in higher wages for … Continued
Posted at https://www.commondreams.org/news/2017/11/08/cbo-republican-tax-scam-would-blow-17-trillion-hole-national-debt Published on Wednesday, November 08, 2017 by Common Dreams The Congressional Budget Office analysis exposes party’s expressed concerns about “fiscal responsibility” as a sham By Jake Johnson, staff writer House Way and Means Chairman Kevin Brady (R-Texas) … Continued
Posted at https://www.commondreams.org/news/2017/11/08/three-richest-americans-now-own-more-wealth-bottom-half-us-combined-report Published on Wednesday, November 08, 2017 by Common Dreams “The elite ranks of our billionaire class continue to pull apart from the rest of us,” a new Institute for Policy study analysis finds By Jake Johnson, staff … Continued
Posted at https://www.chn.org/2017/11/08/millionaire-explains-house-tax-cut-bill-cut-taxes-half/#.WgMxC1tSwdU By Lecia Imbery November 8, 2017 The House tax cut bill will slash taxes on the wealthy at the expense of human needs programs. Just ask millionaire Eric Schoenberg. Check out this great video below in which Eric, … Continued
Posted at https://www.commondreams.org/news/2017/10/12/imf-says-higher-taxes-wealthy-good-idea-and-these-billionaires-agree Published on Thursday, October 12, 2017 by Common Dreams A more progressive tax code, says International Monetary Fund, would both significantly reduce inequality and help grow the economy By Jake Johnson, staff writer “Three decades of data … Continued
Posted at https://www.chn.org/2017/10/11/theyre-going-sailing-off-horizon-laughing-way/#.Wd5471tSwdU By David Elliot October 11, 2017 Kelly Conklin and his spouse, Kip, are the co-owners of a custom woodworking business in Bloomfield, New Jersey. They’ve owned the business since 1978, and employ 16 well-paid workers. Now they view … Continued
From the Economic Policy Institute (http://www.epi.org/): In a new FAQ, EPI’s Josh Bivens and Hunter Blair explain why cutting taxes for corporations and the wealthy does nothing to help the middle class. Bivens and Blair debunk several myths that are repeated … Continued
From the Pennsylvania Budget and Policy Center (http://www.pennbpc.org): A 50-state analysis of the GOP tax framework reveals that in Pennsylvania, the top 1 percent of taxpayers would receive a substantial tax cut worth $67, 970 while many upper middle class … Continued
Posted at https://www.commondreams.org/news/2017/09/29/surprise-non-partisan-analysis-finds-trump-tax-plan-primarily-rewards-top-1 Published on Friday, September 29, 2017 The plan would also raise taxes for many middle class families, a fact Americans for Tax Fairness denounced as “absolutely outrageous” By Jake Johnson, staff writer “It is absolutely outrageous that … Continued
From Prosperity Now (https://prosperitynow.org/): After months of speculation, the Trump Administration, along with Congressional Republicans, today released a plan for overhauling America’s tax code—the first of such in several decades. What’s being lauded today as “tax reform” is little more … Continued