Taxes Topics

Democracy Now! stories, posts and pages that relate to Taxes

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"So Rich, So Poor": Peter Edelman on Ending U.S. Poverty & Why He Left Clinton Admin over Welfare Law

Census data shows nearly one in two Americans live in poverty, and now the Congressional Budget Office warns things could soon get worse if President Obama and Congress remain at an impasse over the 2013 fiscal budget. House Republicans are calling for cuts to food aid, healthcare and social services, while protecting funds for the Pentagon. We discuss poverty with Peter Edelman, who resigned as assistant secretary at the Department of Health...
May 23, 2012 | Story
"We Need to Make a Ruckus": Robert Reich Hails Occupy for Exposing Concentration of Wealth and Power

In his new book, "Beyond Outrage," former Labor Secretary Robert Reich opens with a dedication to the Occupy Wall Street movement. He writes: "To the Occupiers, and all others committed to taking back our economy and our democracy." We speak to Reich about the success of Occupy in reshaping the national dialogue on the economy and why strong grassroots movements are needed to push elected leaders in Washington to enact a progressive...
May 08, 2012 | Story
David Cay Johnston: "Romney's Tax Plan is George W. Bush on Steroids"

As presidential hopeful Mitt Romney campaigns ahead of next week’s Super Tuesday primary vote, we look at the winners and losers under his proposed tax plan. Romney has vowed tax breaks for all Americans, but a recent analysis by the Tax Policy Center found his plan would mostly benefit the wealthy, while raising taxes on the poorest 125 million Americans.
"All the Republicans have the same basic strategy: reduce taxes on people who...

Mar 01, 2012 | Story
Rev. Jesse Jackson on Taxing the Rich, Occupy Wall Street Protest and Palestinian Statehood

On Monday, President Obama proposed a new tax on millionaires as part of his plan to close the deficit and responded to opponents who have labeled his plan "class warfare." Republicans have vowed to defeat the tax, even as one in six Americans live in poverty. We speak with Rev. Jesse Jackson about how Obama’s plan also includes cuts to Medicare and Medicaid. "I would think, before we end up at that conclusion, we must go...
Sep 20, 2011 | Story
As Economy Lags, New Study Reveals 25 Top Firms Pay More to CEOs than in Taxes

A new study reveals that 25 of the nation’s largest corporations paid more money to their CEOs last year than they did to the federal government in income taxes. Often using overseas tax havens, many of the corporations managed to make billions in profits but paid little to nothing in federal taxes. In many cases the companies received large tax rebates. The list includes some of the country’s best-known companies, such as Ford, Coca-Cola,...
Sep 01, 2011 | Story
Bachmann's Iowa Straw Poll Win Signals Early Tea Party Role in Shaping GOP Primary

The race for the 2012 Republican presidential nomination heated up this weekend as Minnesota Rep. Michele Bachmann won the Iowa straw poll and Texas Gov. Rick Perry formally announced his candidacy. Bachmann led the Iowa contest with more than 4,800 votes out of almost 17,000 votes cast, and Texas Rep. Ron Paul placed a close second. Former Minnesota Gov. Tim Pawlenty placed a distant third, and on Sunday he announced he was leaving the presidential...
Aug 15, 2011 | Story
Sally Kohn: "Don't Believe the Hype About U.S. Debt"

On August 2, the U.S. government is expected to reach its $14.3 trillion borrowing limit. Democrats want to curb the federal deficit by pushing for new taxes and eliminating many tax loopholes, while Republicans have called for steep spending reductions but no new taxes. For more, Democracy Now! spoke with Sally Kohn, author of a recent USA Today op-ed titled "Don’t Believe the Hype About U.S. Debt." [includes rush transcript]
Jun 13, 2011 | Web Exclusive
Offshore Banking and Tax Havens Have Become Heart of Global Economy

As millions of Americans prepare to file their income taxes ahead of Monday’s deadline, we look at how corporations and the wealthy use offshore banks and tax havens to avoid paying taxes and other governmental regulations. "Tax havens have grown so fast in the era of globalization, since the 1970s, that they are now right at the heart of the global economy and are absolutely huge," says our guest, British journalist Nicholas Shaxson....
Apr 15, 2011 | Story
"Really Bad Reporting in Wisconsin": Media Parroting Walker's False Claims of Taxpayer "Subsidies" for Workers' Pensions

In their coverage of Wisconsin Gov. Scott Walker’s attempt to undermine public workers’ unions, many journalists have parroted Walker’s claim that unionized state workers get their pensions "subsidized" by the state. We speak with investigative reporter and Pulitzer Prize-winner David Cay Johnston, who counters the assertion that pensions are costing taxpayers by pointing out that the workers themselves contribute 100 percent...
Mar 03, 2011 | Story
"The Worse Off You Are, Your Taxes Increase": Journalist David Cay Johnston Slams Obama-GOP Tax Deal

The U.S. Senate is on the verge of approving President Obama’s controversial tax deal with Republicans. Under the deal, Obama agreed to extend the Bush-era tax cut for the wealthiest Americans and reduce the estate tax in return for a 13-month extension of jobless benefits and a handful of tax credits for low- and moderate-income Americans. We speak to Pulitzer Prize-winning investigative journalist David Cay Johnston, author of Free Lunch:...
Dec 14, 2010 | Story