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Showing posts with the label BILLIONAIRE TAX LOOPHOLES

Congress must close billionaire tax loopholes

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  With Tax Day just around the corner, it’s time to tell Congress:  raise at least $1 trillion a year  over the next decade by making the ultra-wealthy and big corporations finally pay their fair share of taxes. To do that, we’re calling on Congress to adopt four common-sense priorities, to ensure billionaires and ultra-wealthy elites will pay their fair share: Tax income from wealth like income from work , along with closing tax loopholes and strengthening IRS enforcement. Raise corporate tax rates , end tax breaks from stock buybacks, and strengthen rules so corporations that make huge profits can no longer get away with paying little or no federal taxes. Limit the dynastic wealth of oligarchs   by reforming the estate tax, eliminating loopholes, and taxing billionaire wealth gains from massive financial speculation. Invest the revenue into programs for working families , such as healthcare, housing, childcare, a fully refundable Child Tax Credit, and restoring ...