At the same moment that Trump was riding his horse Xenophobe through a narrow passageway in the Electoral College to the presidency, California elected only Democrats..., extended progressive tax revenues and ...locked out anti-immigrant policy...
Emmanuel Saez and Gabriel Zucman
The New York Times
The good news is that we can fix tax injustice, right now. There is nothing inherent in modern technology or globalization that destroys our ability to institute a highly progressive tax system. The choice is ours.
A 70 percent marginal tax rate might not be realistic—but that doesn’t matter. Just proposing a 70 percent marginal tax rate has restructured a debate over taxes.
Reader Comments: Trump Shutdown; What LA Teachers Won; Impeach Trump; Roger Stone; Venezuela - Opposition to Coup Attempt; Resources to fight; Elizabeth Warren; Angela Davis Re-Awarded; Resources; Announcements - Black history and today; and more....
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When the heirs and heiresses of billionaire fortunes can take over an entire political party and force them to pass public policies that the vast majority of even their own voters don't want, there is a problem with democracy. A conversation with Michael Kink, executive director of the Strong Economy for All Coalition.
Portside's Annual Fund Appeal; Reader Comments: Drawing the Line on Trump Racism and Islamophobia - Urgent message from Linda Sarsour; GOP Tax Bill; Sexual Abuse; Russiagate; Bill Clinton - Arkansas roots; Remembering the Greensboro Massacre; Tim McGraw And Faith Hill Outrage Millions Of Americans After Latest Comments; 50% OFF All Haymarket Books; Announcements and more ....
If it's enacted, the GOP tax cut now working its way through Congress will be the start of a decades-long economic policy disaster unlike any other that has occurred in American history. - And this dire warning is from Forbes, the business publication.
Overwhelming analysis shows the tax plan does very little to help middle income families. The non-partisan Tax Policy Center found that after the tax plan has taken full effect in 2027, 80 percent of the benefits would go to the top 1 percent.
Kate Zernike and Abby Goodnough
The New York Times
Ending the medical tax break could be a ‘gut punch’ to the majority of the country. Eliminating the medical-expense deduction would end a source of relief that has helped millions of people cope with steep medical costs in a country without comprehensive, universal health coverage.
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