“As Covid-19 strikes the world, millionaires like us have a critical role to play in healing our world,” the letter reads in part. “No, we are not the ones caring for the sick in intensive care wards. We are not driving the ambulances that will bring the ill to hospitals. We are not restocking grocery store shelves or delivering food door to door. But we do have money, lots of it. Money that is desperately needed now and will continue to be needed in the years ahead, as our world recovers from this crisis.” … [Read more...] about Dozens of world’s richest people demand higer taxes to pay for coronavirus economic recovery
Presumptive Democratic presidential nominee Joe BidenJoe BidenThe Hill's Campaign Report: Runoff elections in Texas, Alabama set for Tuesday Biden campaign slams White House attacks on Fauci as 'disgusting' Biden lets Trump be Trump MORE’s economic agenda has been partially spelled out. He has said he plans to increase the corporate tax rate to 28 percent from 21 percent, a 33 percent tax hike. … [Read more...] about Joe Biden’s plan to punish equity investors
The Contra Costa sales tax measure will depend on passage of state Senate Bill 1349, drafted by Sen. Steve Glazer, D-Orinda, that would authorize the county to impose a transactions and use tax of up to a half-cent “for general or specific purposes to support countywide programs.” … [Read more...] about Contra Costa Voters May Consider Tax To Fund Emergency Services, Social Services
What makes the threat of such heresy especially acute for Republicans is that they have no way of sniffing it out on the basis of public rhetoric. Republicans use straightforward terms to describe immigration policy — “DACA,” “wall” — which make it perfectly obvious when Trump departs from party orthodoxy. On taxes, Republicans are habituated to a public that does not share their goal of reducing taxes for the most affluent, and so they smother their intentions in euphemisms and dissembling. A Republican who is double-crossing his party by refusing to help the rich would sound exactly like a Republican president who is trying to fool the public into thinking he has no intention of helping the rich. … [Read more...] about Could Trump Betray His Party on Taxes Next?
When last November’s elections surprisingly handed them full control of the government, the Republican Party’s leading domestic-policy minds decided they would not squander their power as they had the last time. The tax cuts passed under George W. Bush had suffered from a fatal flaw: The tax cuts expired after a decade, in order to satisfy Senate budget rules. This time, they would leave an imprint upon the tax code that would not be washed away. … [Read more...] about The House Republican Tax Cut Is a Failure on Its Own Terms