Showing posts with label deductions. Show all posts
Showing posts with label deductions. Show all posts

Friday, April 7, 2023

Private opulence, public squalor: How the U.S. helps the rich and hurts the poor (Dave Davies; Fresh Air podcast)

"Most government aid goes to families that need it the least," Desmond says. "If you add up the amount that the government is dedicating to tax breaks — mortgage interest deduction, wealth transfer tax breaks, tax breaks we get on our retirement accounts, our health insurance, our college savings accounts — you learn that we are doing so much more to subsidize affluence than to alleviate poverty."...
Interview: 


Tuesday, November 14, 2017

The GOP’s Tax Bill Is a War on Disabled People -- The Daily Beast

Under the Republicans' tax proposal, disabled people—and other vulnerable communities—are set to shoulder a significantly greater responsibility for generating federal tax revenue, even as corporations get a substantial tax break. The Tax Cuts and Jobs Act recommends sweeping eliminations of most itemized tax deductions and credits. ....
https://www.thedailybeast.com/the-gops-tax-bill-is-a-war-on-disabled-people

Friday, November 10, 2017

Sorry Dick and Jane, corporations get to keep deductions you're losing under the GOP tax heist

When Mitt Romney famously declared in 2011 that "corporations are people," everyone laughed—except for Paul Ryan and his tax henchmen. They took it to heart. But as the Washington Post's Dana Milbank points out, corporations aren’t just any people in the GOP's eyes, they're "Very Important Persons with superhuman privileges" who retain the very right to deductions that many taxpayers are being stripped of in the Republican tax heist....
https://www.dailykos.com/stories/2017/11/7/1713564/-Sorry-Dick-and-Jane-corporations-get-more-deductions-than-you-do-under-the-GOP-tax-heist









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