Congressman Jim McDermott introduces the Sensible Estate Tax Act.
Chuck Collins writes on the popular Sojourners’ blog about the role affluent households can play to change the conversation about taxes.
Sam Pizzigati takes a look at the Statistics of Income Bulletin and what it reveals about income taxes over the past 20 years.
In the 3/9/09 edition of The New York Times, Emory University tax law professor Dorothy Brown argues that we have two tax codes: one for the very wealthy and one for everyone else: “The question of how to tax capital gains and dividends is one of fundamental fairness. Why should tax law treat income from savings accounts differently from income from a diversified stock portfolio? Either we push up the rates on corporate dividends and capital gains or we lower the rates on wages and interest: it’s all income and it should all be taxed at the same rate.”
Chuck Collins and Sam Pizzigati voice support for Obama’s plan to increase taxes for the highest-income Americans.
President Obama intends to cut the deficit in half by the end of his term, in part by taxing the investment income of hedge fund and private equity partners at ordinary income tax rates and letting the Bush tax cuts for the highest-income households expire.
The CEO of Netflix has publicly called for a tax hike on incomes over $1 million.
Frank Luntz, a conservative pollster who coined the “death tax,” recently found new attitudes towards taxation and infrastructure among the general public.