We’re chumps unless we force Congress to stop tax haven abuse. Instead of cutting state and federal budgets, the United States should crack down on the corporate tax dodgers thumbing their noses at us. Across the nation, states are making [...]
The IRA charitable deduction is a siphoning away of public revenue to private charity. Tax-deferred retirement accounts were created under a law passed by Congress in 1974. They strike a bargain between taxpayers and the Treasury: money in the accounts grows [...]
As a business owner who has created hundreds of jobs over the past two decades, I understand economic policies that build sustainable growth. Yet the billions in tax cuts for the wealthy just signed into law compromise our shared future. [...]
Those who own the language rule the world. Words can ignite the spark of hope; they can also light the fires of fear. Take, for instance, the phrases “redistribution of wealth” and “class warfare.” The visceral response in the American [...]
In 2010, an essential moral test of a public policy choice is: Does it further concentrate wealth and power in the hands of a few? Or does it disperse concentrated wealth and power and strengthen possibilities for a democratic society [...]
When I consider my generation’s legacy, I would like us to leave our children a healthy society with ample economic opportunity and not burdened by crushing levels of public debt. I believe a robust estate tax to help pay the [...]
While Republicans are trading high-fives in Washington over a deal that would preserve tax cuts for even the very wealthiest Americans, not all the nation’s millionaires and billionaires are cheering. Certainly plenty of upscale earners on Wall Street and elsewhere are quietly celebrating [...]
Why some wealthy Americans aren’t happy to see their tax cuts continued. In a compromise with Republican lawmakers, President Obama agreed to extend Bush-era tax cuts for wealthy Americans for another two years—breaking his 2008 campaign promise to repeal them. [...]