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 [...]
When a company like General Electric pays little or no U.S. income taxes, it has troubling implications for domestic business and our entire society. As a businessman and entrepreneur, I believe it is myopic tax policy to force domestic enterprises [...]
WASHINGTON — Michael Teahan, like his father, mother, and uncles before him, is a small business owner. The 52-year-old has spent most of his adult life running his own businesses: a restaurant, a coffee bar and various companies involved in [...]
Morris Pearl, Leo Hindery, and Dennis Mehiel speak to CBS Sunday Morning about raising taxes for the wealthy.
At tax time this year, with the last-minute budget wrangling and state and national deficit problems, there’s even more than the usual reason to consider taxes. Unfortunately, we’re still a long way from addressing them realistically, honestly, responsibly, and urgently. [...]
Millionaires and billionaires have several options. They can: A. Do nothing except enjoy their wealth. B. Make an effort to position their money so that they avoid paying taxes. C. Continue working and investing, leveraging their wealth to become even [...]