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When the trickle-down theory first took off in the 1980s, the argument was that tax cuts lift all boats. After 50 years, no one can continue to make this claim—yet they still do.
Not on this planet. The wealthiest of our wealthy, a just-released report from Americans for Tax Fairness points out, are doing their best to keep these good times — for America’s rich — rolling.
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Eliminating taxes on tips would not address the current affordability crisis, such as the struggles to pay for essentials like groceries, housing, childcare, and transportation.
New York Gov. Kathy Hochul and Democratic legislative leaders nix a landmark proposal that would have made Hochul’s fossil fuel donors pay for their pollution.
Greased by lobbying and campaign cash, tax breaks for retirement savings are one thing Congress agrees on. But they also blow out the deficit and add to income inequality.
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