A new report, The CEOs Hand in Uncle Sam’s Pocket, reports that U.S. corporations received $14.4 billion in taxpayer subsidies related to their executive compensation packages. The report, the 19th annual Executive Excess report by the Institute for Policy Studies, […]
As Congress rushes for the exits to begin their month long summer vacation, they’ve been busy passing tax cut legislation that in many categories is worthy of a Gold Medal. The Senate started last week when it passed a one-year […]
As the debate over ending the tax cuts for the wealthy heats up again, it looks like most of the heat will come from outside the beltway. The current conversation in Washington is bipartisan for a change, but depressingly so in […]
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 […]
Under the final budget approved by the House and Senate, the Bush tax cuts for households with income over $250,000 would expire and the estate tax would likely remain at 2009 rates.
Chuck Collins writes on the popular Sojourners’ blog about the role affluent households can play to change the conversation about taxes.
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.
Economist Robert Frank addresses why repealing the Bush tax cuts for households that make over $250,000 is good for economic growth.