Patriotic Millionaires Endorse Democratic Primary Challengers

Today, our organization announced our endorsement of nine Democratic candidates for the House of Representatives, a group that includes seven previously endorsed incumbents, and, for the first time ever, two candidates facing off against Democratic incumbents in a primary challenge. The seven champions of our economic justice mission that our group is re-endorsing are Representative Colin Allred (TX-32), Representative Cindy Axne (IA-3), Representative Josh Harder … Continue reading Patriotic Millionaires Endorse Democratic Primary Challengers »

Economic justice starts with workers’ rights

Yesterday, The American Dream and Other Fairy Tales, a documentary-style film co-directed and co-produced by one of our very own members, Abigail E. Disney, premiered at the 2022 Sundance Film Festival. While the film isn’t available for public consumption (yet!), we wanted to take some time to discuss its contents along with the broader worker empowerment movement that is taking place in America today. The … Continue reading Economic justice starts with workers’ rights »

Inequality Kills

Yesterday, the United States celebrated Martin Luther King Jr. Day. We hope that you were able to take some time to honor and celebrate King’s legacy, just as we hope Senate Democrats do by changing the filibuster to pass essential voting rights legislation. Because of the federal holiday, you might have missed the release yesterday of Oxfam’s new bombshell report Inequality Kills. The report lays … Continue reading Inequality Kills »

To save our democracy, Democrats must scrap the filibuster

Once again, progress has been stymied by a small minority in the US Senate. This week started with Senate Democrats engaged in critical negotiations over two pieces of voting rights legislation: the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act. With 50 Senate Democrats supporting these bills, they have the votes to pass each. Yet thanks to the legislative filibuster, and … Continue reading To save our democracy, Democrats must scrap the filibuster »

Democracy depends on Senate Democrats

This week, Senate Democrats have pivoted from President Biden’s Build Back Better Act to focusing solely on passing two critical pieces of voting rights legislation: the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act. Unlike with the Build Back Better Act, both bills have support from all 50 Senate Democrats. Unfortunately, in a Senate that is held hostage by the legislative filibuster, … Continue reading Democracy depends on Senate Democrats »

Democrats need Manchin on board before it’s too late

Happy New Year! With a new year comes new challenges and opportunities, and it’s safe to say that there will be no shortage of either in the coming weeks. As you probably know, shortly before the end of the year, West Virginia Senator Joe Manchin declared in a Fox News interview that, after months of negotiations, he could not vote to support President Biden’s Build … Continue reading Democrats need Manchin on board before it’s too late »

Tax Avoidance is Making Inequality Worse

Last week we told you about the 2022 World Inequality Report, which outlines in stark detail just how bad income and wealth inequality have gotten around the world. In the US alone, the top 10% of earners now take home 45% of all income, while the bottom 50% takes just 13%. Wealth inequality is even worse, with the top 10% of wealth holders in the … Continue reading Tax Avoidance is Making Inequality Worse »

Inequality will not be solved with tax breaks for the rich

As Democrats in the Senate continue to debate the final details of what should be included in the Build Back Better Act, we want to take this week to shine a spotlight on why this piece of legislation is so important. Inequality in the United States and around the world is out of control. The recently-released 2022 World Inequality Report details just how bad this problem has gotten, and … Continue reading Inequality will not be solved with tax breaks for the rich »

Manchin and Sinema need to get on board with Build Back Better

Before the Thanksgiving recess, House Democrats were finally able to pass their version of President Biden’s Build Back Better Act through the process of reconciliation. We took the time to celebrate this action as a step in the right direction for tax fairness and economic equity. There’s still more work to do, however, as Senate Democrats now need to negotiate their version of the bill. Senate Majority Leader … Continue reading Manchin and Sinema need to get on board with Build Back Better »

Don’t fall for the inflation fear-mongering

Congress is back in session this week and negotiations over President Biden’s Build Back Better Act continue. House Democrats are waiting for the Congressional Budget Office (CBO) to release its cost estimate for the package and then, hopefully, a vote will be held immediately after, as soon as this Friday. There are still obstacles in the Senate, however. Some Senators, most notably Joe Manchin, claim to … Continue reading Don’t fall for the inflation fear-mongering »

Want to fix the economy? Tax the rich

Even though Congress is out of session this week, the fight for fair taxation continues. House and Senate Democrats are still deciding what to do with the State and Local Tax (SALT) cap, which sets a limit on the amount of state and local taxes that taxpayers can deduct from their federal tax bills. The House plan would raise the cap from $10,000 to $80,000, … Continue reading Want to fix the economy? Tax the rich »

Fighting over SALT and the Virginia Election

This week, the big fight in Congress is over the SALT cap. Since the passage of the Trump tax bill in 2017, wealthy taxpayers in higher tax states like New York and New Jersey have had a cap on the amount of state and local taxes that they can deduct from their federal tax bill. Pressured by a cadre of blue state billionaires looking to … Continue reading Fighting over SALT and the Virginia Election »

Corporate Minimum Tax and Millionaire Surtax Highlight Biden’s Reconciliation Framework

Momentum is building this week in Congress behind President Biden’s Build Back Better Agenda as House and Senate Democrats negotiate how they are going to raise revenue linked to the roughly $2 trillion new spending that the reconciliation bill would introduce. Yesterday, Oregon Senator Ron Wyden officially unveiled his Billionaires Income Tax plan which, as we highlighted earlier this week, would tax the richest Americans … Continue reading Corporate Minimum Tax and Millionaire Surtax Highlight Biden’s Reconciliation Framework »

American Workers Are Fed Up and Fighting Back

This week, an unprecedented number of workers around the country have gone on strike. Over 100,000 workers across a variety of industries have voted to vacate their positions and join picket lines, demanding better wages, hours, and working conditions from big-box corporations and their C-suite executives. In light of this, the AFL-CIO cheekily renamed this month “Striketober” on Twitter. Striketober is just one of many … Continue reading American Workers Are Fed Up and Fighting Back »

A Victory for International Tax Fairness

Last Friday, the Organization for Economic Cooperation and Development (OECD), an international organization of countries working together toward economic progress, announced that 136 countries, including the United States, have agreed to a global minimum corporate tax rate of 15%. This is huge news. For far too long, countries around the world have engaged in a “race to the bottom” with regards to corporate taxes. Countries … Continue reading A Victory for International Tax Fairness »