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 [...]
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.
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 [...]
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 [...]