The kingpins of Congress have spent years carving tax loopholes that help America’s CEOs fleece the federal treasury. Now these kingpins are pushing a corporate tax ‘reform’ that ignores the loopholes.
Americans want what 21st century politics has so far not delivered: real options for challenging concentrated wealth. The latest evidence.
Pundits and political scientists are always searching for that simple theory that’ll explain just what makes our politics tick. Where should they be looking? How about in the eyes of a billionaire at tax time?
Heiress Bunny Mellon didn’t promise us a rose garden. She gave us one. We would have been better off with more equality instead.
A prominent conservative in Congress has released a tax reform package that actually will not leave the rich significantly richer. Should we be grateful for small blessings — or suspicious? Or both?
Those Americans struggling against poverty in the 1960s had plenty of obstacles in their way. We have more. They operated in a functioning democracy. We live, by contrast, in deeply plutocratic times.
Exactly a hundred years ago, decades of progressive struggle finally paid off and outfitted America with a tool for braking the unlimited accumulation of grand private fortune.
America’s deepest pockets, a new report shows, are saving big bucks from the U.S. tax code’s wide assortment of income tax breaks. They’re saving even more from the absence of a wealth tax.
America’s top corporate executives love lecturing the rest of us about ‘fiscal responsibility.’ They want us to expect less from government. But they expect more, and a new report shows how they’re getting it.
Today’s conventional wisdom in Congress on taxing the rich — that tax rates on income at our economic summit have gone as high as they can sensibly go — has no real evidence to support it.