President Obama is ‘spreading the wealth,’ that is, taxing the rich and redistributing the wealth. Good policy or heavy-handed intrusion? “When you spread the wealth around, it’s good for everybody,” presidential candidate Barack Obama famously told an Ohio man, soon […]
During this “tax season” some wealthy people are advocating to increasetheir own taxes. A growing network of high-income individuals and business people are calling on Congress and the President to say, “Let my tax cut go!” This dialogue was the focus […]
Think of taxes in taste terms. We’ve been conditioned to think of taxes in disgusting, bitter terms something like bad-tasting medicine to be avoided whenever possible. But consider another possibility: taxes are the delightful taste of a healthy democratic economy […]
Estimates Tax cuts for Wealthy Individuals between 2001-2008 Cost U.S. Treasury $700 Billion Recent Poll Shows Majority of Americans in Both Political Parties Favor Increased Taxes on Wealthy Americans Contact: Kristi Ceccarossi, 617-477-8630, ext. 307, kristi@wealthforcommongood.org Boston, MA, April 6, […]
Increasing taxes on the nation’s wealthiest Americans would collect $450 billion in new revenue, while discouraging financial speculation, strengthen the economy and provide greater transparency, fairness and simplicity to the tax code, according to a new proposal released Wednesday. During […]
In 1776 the United States became perhaps the only country ever to be founded after a revolution based largely on the explicit issue of tax rates. More than two centuries later the issue still resonates loudly, and not just among […]
The challenge for progressives and Democrats in these turbulent times is how to consistently and clearly explain the real causes of our current economic condition. One problem is that we live in a center-left country with a center-right media that […]
As Congress begins debate over what to do about the Bush-era tax cuts for the wealthy, I hope it has the courage to let my tax cuts expire. It would be the right thing to do. Back in 2001, Congress […]