Chuck Collins writes on the popular Sojourners’ blog about the role affluent households can play to change the conversation about taxes.
Katrina vanden Heuvel takes a look at the new IPS report “Reversing the Great Tax Shift” and mentions Wealth for the Common Good’s work in The Nation.
To address our nation’s economic crisis and maintain our nation’s fiscal health, the United States desperately needs new sources of federal revenue. Without additional revenues, we as a nation will either have to shortchange long-overdue investments in infrastructure, health, energy, and economic opportunity or leave an unsustainable debt to generations ahead.
The Institute for Policy Studies has identified a package of practical and politically viable policies that could raise the revenues we need. These policies, taken together, would:
• Collect over $450 billion in revenue from those with the greatest capacity to pay.
• Discourage financial speculation.
• Strengthen the overall economy.
• Introduce greater transparency, fairness, and simplicity to the tax code.
Sam Pizzigati takes a look at the Statistics of Income Bulletin and what it reveals about income taxes over the past 20 years.
According to John Arensmeyer of Small Business Majority, fewer than 2% of small businesses would be affected by the provision in Obama’s budget to trim the Bush-era tax cuts that have benefited the wealthiest Americans. Read the Center on Budget […]
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.
Frank Luntz, a conservative pollster who coined the “death tax,” recently found new attitudes towards taxation and infrastructure among the general public.