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 early as next week the U.S. Senate will debate and vote on proposals to extend the Bush tax cuts. The House is expected to vote on the measures the following week. At present there appear to be four proposals […]
Nearly five years after the stock market imploded launching the Great Recession, the speculative activity that led to the market collapse has accelerated – pushed in part by a dramatic decline in trading costs. High-frequency trading, stocks held in some […]
Originally published on NPR.org, April 25, 2012 By Scott Klinger and Sarah Anderson Many American families will have paid more in federal income taxes than some of America’s largest and most profitable corporations. AT&T, Boeing, Citigroup, Duke Energy and Ford collectively […]
Originally published 14 July. Linked from the Huffington Post. By Chuck Collins Hallelujah. Finally someone in Congress has the courage to propose a reasonable tax on the wealthy to help improve our nation’s broken health care system. Last Friday members […]
Krista Brewer, Sam Pizzigati, Michael Shuman, Chuck Collins and Alison Goldberg present on revenue proposals at the Campaign for America’s Future Conference.
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.