Taxes

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Trump Plans to Hand Taxpayer Data to Homeland Security to Speed Up Deportations

The system, which would enable sharing of massive amounts of sensitive data, may be launched before the end of July.


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“Tax-Dodging Consultant” Is Now the US Treasury’s Top Tax Policy Official

As a lobbyist, Ken Kies secured tax giveaways for major corporations. Now, he’s helping implement the GOP budget bill.


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Even Sky-High Income Tax Rates Won’t Stop the Relentless Rise of the Richest

Will Donald Trump’s “One Big Beautiful Bill,” as critics contend, be a massive giveaway to the rich? Absolutely, when you tally it up. Yet the bill’s provisions, while devastating to the nation’s poorest, represent only modest gains for the majority of affluent families. Consider the merely rich—the top-earning 10 percent of households. The Congressional Budget […]


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Sen. Elizabeth Warren Presses Oil Firms on Lobbying for a Huge Tax Break in the Budget Bill

This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. Democratic lawmakers led by the Massachusetts senator Elizabeth Warren are pressing two energy companies about their efforts to “win a $1.1 billion tax loophole” in Donald Trump’s so-called One Big Beautiful Bill. The proposed exemption, which Senate Republicans inserted into their version of […]


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Sen. Elizabeth Warren Presses Oil Firms on Lobbying for a Huge Tax Break in the Budget Bill Read Post »

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Most People Support Taxing Carbon Even If It Costs Them, Global Survey Shows

This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. People in affluent countries around the world are willing to tax themselves to address climate change and ease poverty. That idea defies conventional political wisdom, which typically holds that people hate taxes. It emerged in a survey of 40,680 people in […]


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Here’s One Biden Climate Provision Republicans Are Unlikely to Kill

This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. Dig down about a mile or two in parts of the United States and you’ll start to see the remains of an ancient ocean. The shells of long dead sea creatures are compressed into white limestone, surrounding brine aquifers with a […]


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Trump’s “Big Beautiful Bill” Redistributes Wealth From the Poor to the Rich

The CBO has estimated at least 15 million people would lose health care coverage due to the bill’s cuts to Medicaid.


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Trump’s “Big Beautiful Bill” Redistributes Wealth From the Poor to the Rich Read Post »

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The U.S. Just Lost Its Perfect Credit Rating Thanks to Trump’s Tax Cuts

On Friday evening, Moody’s downgraded the United States’ overall credit-rating—from the highest level of AAA—to one notch lower, AA1, based on years of rising debt and Donald Trump’s tax cut plan, which the non-partisan Committee for a Responsible Budget has calculated could add $2.5 trillion more in debt. The rating is important because it is […]


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