The estate tax was just slashed to exempt millionaire families up to $22 million, a doubling of the previous exemption, which had covered 99.8 percent of taxpayers.
Robert Reich’s three-step guide on the rubbish of the Trump-Republican tax plan for when you confront your Republican Uncle Bob during the holidays.
The rules will make sweeping changes to the law’s requirement that most employers provide coverage of birth control with no out-of-pocket costs to women.
At the end of his last State of the Union message to Congress in 1944, Franklin Delano Roosevelt outlined an ambition plan for a “Second Bill of Rights” to ensure “”economic security and independence.”
What happens when children born into poverty run face first into the crushing reality that the society they live in really isn’t that fair at all? Hard work has nothing to do with it.
Tax holidays don’t increase buying but merely concentrate it around specific dates. They’re regressive. They’re more political than useful: in Florida, the Legislature turned down Gov. Scott’s request for 10 days.
It’s business executives through outsized CEO pay — not movie stars, professional athletes, or heiresses — who grabbed the dollars that once flowed to the American worker.
If Obama’s health law is reversed, taxes will go down for the rich and up for the poor, while millions lose coverage. It is redistribution for the wealthy.
Our country has historically prided itself on being a socially mobile society, where your ability is more important than the race or class you’re born into. Not anymore. If you forgot to be born into a wealthy family, you’re better off today living in Canada or Northern Europe.
The astonishing momentum of Bernie Sanders’s presidential candidacy reveals that millions of taxpayers are willing to entertain the idea that some of us aren’t taxed enough, and that it’s hurting the rest of us, argues Isaiah J. Poole.