House Democrats plan to pay for their health-care legislation with a big tax increase on wealthy households, aiming to raise $540 billion over the next decade with a package of surtaxes on families making $350,000 or more.
House Ways and Means Committee members may propose a new income “surtax” for incomes exceeding $200,000 to help pay for health care reform.
Citizens for Tax Justice released a new state-by-state cost-assessment of two proposals to pay for health care reform.
Phil Cubeta blogs about Wealth for the Common Good’s petition to reverse the Bush-era tax cuts on his popular philanthropy site, Gift Hub.
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.
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.
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 […]
Frank Luntz, a conservative pollster who coined the “death tax,” recently found new attitudes towards taxation and infrastructure among the general public.