Portside

This study isn’t the only one to show the positive impacts of sugary beverage taxes. This study on Berkeley’s soda tax found a whopping 21 percent decrease in sugary beverage consumption. At Harvard, researchers predicted that Philadelphia’s sugary beverage tax, which went into effect this year, could prevent 36,000 cases of obesity over 10 years, prevent more than 2,000 cases of diabetes in the first year after the tax reaches its full effect, and save $200 million.

David Cay Johnston, the journalist who broke this story, suggests that the documents could possibly have come from Trump himself, or someone acting at his direction.

Among the report’s key findings: 100 companies enjoyed at least one year in which their federal income tax was zero or less, 24 companies paid zero taxes in four out of eight years, 18 companies paid no federal income tax over the eight-year period, Collectively, the 258 corporations enjoyed $513 billion in tax breaks over the last eight years. More than half of those tax breaks, $277 billion, went to just 25 of the most profitable corporations.

Trump’s tax proposals, which shift like desert sands in a windstorm, would lavish vast new tax breaks on people like himself

New paper makes the case that a global billionaire tax is ethical, good for growth, and could solve a lot of the world’s problems. Oh and politically viable.

We should start by assigning each of America’s super rich their own personal tax collector.

The wedge between implied promises and delivered reality to working-class households already looks awfully large, and will likely just grow over time.