Profit-driven tax preparation corporations like TurboTax are trying to undercut a new tool for filing taxes online that the IRS is launching in 12 states this spring.
Archive for tag: tax reform
It’s almost the new year. Let’s make sure private equity barons leave their favorite tax giveaway in 2021
Much like corporate raiders of the 1980s, the massive private equity industry spent the Covid-19 pandemic increasingly expanding their control...
Ways and Means Committee Tax Plan Falls Short of Need to Advance Racial and Economic Justice
FOR IMMEDIATE RELEASE Sept. 13, 2021 CONTACT Carter Dougherty, carter@ourfinancialsecurity.org, (202) 251-6700 Committee Tax Plan Falls Short of Need...
AFR/TOWS Statement: Senate Republican Tax Bill a Gift to Wall Street
On Friday, Senate Republicans passed a bill with some $1.5 trillion in tax cuts, overwhelmingly weighted to the wealthiest Americans. The bill lavishes tax cuts on Wall Street banks, on executives who can manipulate their legal status to obtain a lower tax rate, and on operations in foreign tax havens. In contrast, ordinary Americans earning wages and salaries receive very limited benefits, and in many cases will see their taxes increased.
TOWS Statement: House Tax Bill a Gift to Wall Street
The Take on Wall Street campaign denounces the passage of a tax bill in the House of Representatives that would give Wall Street and the 1% over $1 trillion in tax breaks while leaving many middle-income Americans paying higher taxes, increasing the public deficit, and leading to deep cuts in important public services.
TOWS Statement: Groups Slam Tax Bills For Failure to Close Carried Interest Loophole
The Take on Wall Street campaign denounced the proposed tax bills for effectively preserving the carried interest loophole for Wall Street money managers, a loophole Trump promised to close during the campaign trail.
TOWS Statement: Tax Bill Would Give Wall Street Massive New Tax Breaks
The Take on Wall Street campaign denounces the just-unveiled tax bill as a giant giveaway to an industry whose reckless behavior led to a searing recession from which many Americans have not yet recovered.
TOWS Statement: Republican Leadership and Trump unveil plan to cut taxes for the 1%
On Wednesday, Republican Congressional leaders and the Administration released their tax framework. “This ‘plan’ amounts to a package of tax cuts for Wall Street and the 1%" ...
TOWS Joint Statement: Groups demand Wall Street pay its fair share in taxes
Washington DC – On Tuesday, groups with the Take on Wall Street campaign made their voices heard outside a Senate...