Opinion : Taxing the rich is super popular. Democrats should talk more about it.

Authored by washingtonpost.com and submitted by nutritionvegan
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In his remarks on the Build Back Better plan on Sept. 16, Biden actually began with an argument on tax inequality. “Over the past 40 years, the wealthy have gotten wealthier, and too many corporations have lost their sense of responsibility to their workers, their communities and the country.” He then zeroed in on the tax slackers: “How is it possible that 55 of the largest corporations in this country paid zero dollars in federal income taxes? They made over $40 billion in the year 2020, and they’ve paid zero,” he said. “Think about that. Zero dollars in federal taxes on $40 billion in profits. How is it possible that the wealthiest billionaires in the country can entirely escape paying income tax on what they’ve made?”

knoxie00 on September 26th, 2021 at 21:29 UTC »

I read a comment elsewhere that one way to increase tax receipts a lot would be to close tax loopholes. Anyone know how big these loopholes are and if closing them could be as effective, if not more, as increasing top rate tax?

ILikeLenexa on September 26th, 2021 at 17:38 UTC »

61 percent favor tax hikes on the wealthy while only 49 percent favor the spending items in the reconciliation bill.

1313_Mockingbird_Ln on September 26th, 2021 at 17:31 UTC »

Too bad the rich have purchased our government.