The CBO has estimated at least 15 million people would lose health care coverage due to the bill’s cuts to Medicaid.
This post has been syndicated from Truthout, where it was published under this address.
Trump’s “Big Beautiful Bill” Redistributes Wealth From the Poor to the Rich Read Post »
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 […]
This post has been syndicated from Mother Jones, where it was published under this address.
The U.S. Just Lost Its Perfect Credit Rating Thanks to Trump’s Tax Cuts Read Post »
It allows individuals to avoid paying capital gains tax as a reward for funneling public funds into private schools.
This post has been syndicated from Truthout, where it was published under this address.
Measure in GOP Bill Incentivizes School Privatization Funders With Tax Breaks Read Post »
Connecticut activists are making big gains in their campaign against the airlines ICE is using to abduct people.
This post has been syndicated from Truthout, where it was published under this address.
Activists Are Fighting Tax Subsidies for Airline Running ICE Deportation Flights Read Post »
The “nonprofit killer” is back—this time tucked into congressional Republicans’ aggressive new tax proposal, which they’ve dubbed the “One, Big, Beautiful Bill.” For those who forgot: In November, the House of Representatives passed HR 9495, or the “Stop Terror Financing and Tax Penalties on American Hostages Act,” which would give the Secretary of the Treasury […]
This post has been syndicated from Mother Jones, where it was published under this address.
Republicans Slide “Nonprofit Killer” Law Into Tax Bill Read Post »
One particularly surreal aspect of Donald Trump threatening the tax-exempt status of Harvard, one of the nation’s oldest and foremost educational institutions—and excluding it from federal research funding for refusing to heed the administration’s oversight demands—is the fact that even some of the nation’s most hateful and antidemocratic entities qualify as tax-exempt charities. As I […]
This post has been syndicated from Mother Jones, where it was published under this address.
Trump Is Eager to Defund Harvard, Yet Publicly Subsidized Hate Groups Get a Pass Read Post »
The regulations could’ve raised $50 billion over a decade by stopping corporate tax dodging through asset manipulation.
This post has been syndicated from Truthout, where it was published under this address.
Trump Scraps Effort Begun Under Biden to Close Loophole Abused by Ultra-Rich Read Post »
The Internal Revenue Service, as the New York Times reported this week, is mulling Donald Trump’s request to revoke the tax-exempt status of Harvard University after Harvard refused to cave in to the president’s demands for a sweeping right-wing overhaul. The Times also reported, just yesterday, that a Treasury official had emailed a high-level official […]
This post has been syndicated from Mother Jones, where it was published under this address.
A Former IRS Chief on Trump’s Attempts to Gut—and Weaponize—His Agency Read Post »
If the IRS cuts 50,000 employees, the agency’s diminished capacity would result in a loss of $395 billion over 10 years.
This post has been syndicated from Truthout, where it was published under this address.
Wealthy Could Dodge $30M in Taxes Every Day Under Trump-Musk Plan to Gut IRS Read Post »
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