79 Search Results for capital gains

TOPLINES President Biden’s American Families Plan would make the wealthy begin to pay their fair share of taxes by changing how “capital gains” are taxed. He wants to tax wealth like work by closing two major loopholes that let the rich pay a lower tax rate on the income they receive from wealth than many […]
WASHINGTON – Frank Clemente, executive director of Americans for Tax Fairness, made the following statement in response to a proposal released today by the Obama administration that would increase capital gains rates on wealthy individuals, assess a fee on very large financial institutions and provide tax credits to working families. “President Obama’s new tax proposal establishes […]
New Data Reveal 5 Huge Firms—GE, GM, Meta, Tesla & T-Mobile—Paid Super Low Rates Or Even Got Refunds Despite Billions in Profits WASHINGTON – Some of America’s marquee corporations with billions in profits each—General Electric, General Motors, Meta (owner of Facebook), Tesla and T-Mobile—paid little in federal income taxes last year and in some cases […]
Authors: Zachary Tashman, senior research & policy associate; and William Rice, senior writer Principal researcher: Zachary Tashman EXECUTIVE SUMMARY According to an analysis by American for Tax Fairness of new Federal Reserve data on household income and wealth, America’s billionaires and centi-millionaires (those with at least $100 million of wealth) collectively held at least $8.5 […]
Their Wealth Has Grown 78% Since 2017 Trump-GOP Tax Cuts; Historic Support in Congress for Taxing Billionaire Wealth Growth as Senate and House Democrats Introduce Bills This Week The collective fortune of America’s 741 billionaires has grown to $5.2 trillion at the end of November 2023, the highest amount ever recorded according to an analysis by […]
February 14, 2023 Dear Member of Congress: We write on behalf of Americans for Tax Fairness—a coalition of over 450 endorsing organizations dedicated to creating a fairer tax system—to urge your support for Rep. Lloyd Doggett’s Assuring Medicare’s Promise Act (H.R. 34). This vital bill would benefit over 65 million older and disabled Americans who […]
Dear Member of Congress: We urge you to oppose problematic retirement savings legislation that purports to help low- and middle-income families prepare for retirement, which is being considered for inclusion in omnibus appropriations legislation. It will primarily subsidize the wealthy and worsen the racial wealth gap. We urge you to shift direction: reform our retirement […]
‘If Democrats…Cave to This Special Interest Demand They Will Be Betraying Working Families’ Private equity billionaires would be among the big winners from a corporate lobbying push in Congress to reap a windfall from a retroactive tax break in the omnibus bill now being crafted. Lobbyists and their many allies in Congress are trying to […]
Major corporations enjoying record profits from low tax rates and inflated prices are lobbying Congress to renew three major tax breaks before the end of the year, two that expired this year and a third expiring next year. These tax giveaways—which could cost $600 billion in lost revenue if extended over 10 years—were given expiration […]
PRESCRIPTION DRUGS & HEALTH CARE The IRA will lower prescription-drug costs for seniors and healthcare premiums for working families. Medicare will finally be allowed to negotiate with drug corporations to bring down the price of prescriptions. If drug corporations hike prices faster than inflation, they’ll pay the full difference to Medicare – a cap that […]