A business group that has taken some positions popular among liberals has come out against a corporate tax holiday for offshore profits, saying U.S. multinationals already have too much incentive to ship jobs abroad. Business for Shared Prosperity and a [...]
This month marks the tenth anniversary of the first of the two tax cuts sought by the President George Bush. The Economic Growth and Tax Relief Reconciliation Act was enacted in 2001 to be followed, in 2003, by the Jobs [...]
Listen to the Patriotic Millionaires on National Public Radio, June 8, 2011. Tell Me More host Michel Martin speaks with Patriotic Millionaire Dennis Mehiel, chairman of U.S. Corrugated and Andy Shallal, owner of Washington, DC restaurant Busboys & Poets.
The Patriotic Millionaires include almost 200 people with incomes over $1 million and are advocating to increase their own tax rates. Read the sign-on letter here. A video message to Speaker John Boehner and members of Congress: Watch press clips: [...]
WASHINGTON — The self-described Patriotic Millionaires who want the government to close its budget gaps with higher taxes on the rich think it’s ridiculous to expect wealthy people to just “tax themselves” and donate their extra money to the government. “The [...]
Today is the 10th anniversary of the Bush tax cuts passed in 2001. In observance of this day, we should raise taxes on millionaires and billionaires. A decade of these cuts cost our nation more than $2.5 trillion in lost [...]
The 2001 Bush tax cuts added $2.5 trillion to the national debt and disproportionately benefited the wealthiest households. Have we learned anything? Republican leaders in Congress have a one-point program for whatever ails the nation: cut taxes for millionaires and [...]
June 7 marks the 10th anniversary of the 2001 Bush tax cuts. Over this last decade, these tax cuts have cost the nation $2.5 trillion in lost revenue. Almost 40 percent of the tax cuts went to the richest 1 [...]