A Closer Look: Young people need the Working Americans’ Tax Cut Act
As a still-young (kinda) person myself, and the mother of a young person who will be starting his college journey next year, I worry a lot about what we are doing—and more importantly, not doing!—to ensure that young people still have a chance at the American Dream.
It's only been five weeks, but the good news on unions just keeps piling up—so much so that we feel we are in for a repeat of the summer of 2023. You may remember that was what organizers called “Hot Labor Summer,” given the historic victories that unions notched for workers across a variety of industries.
Here are a few of the ways that the Working Americans Tax Cut Act, or WATCA for short (S. 4083/HR 7937) provides a boost to hardworking low-income households while avoiding the pitfalls of other proposals.
We saw the interview that you gave last week to Andrew Ross Sorkin on CNBC’s “Squawk Box,” and wanted to respond to some of the things you said that relate to our three-pronged mission to tax the rich, pay the people, and spread the power. There are places we agree, and areas we do not. We hope that you will approach this letter with an open mind, and consider joining us in our work.
On Monday, the world marked two important beginnings: the start of President Donald Trump’s second term and the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland – better known as simply “Davos.” What we witnessed of the attendees at one event made us all the more confident in our demands of the attendees at the other.
A Closer Look: Michigan Democrats Need to Stand Firm on Wages
We usually use this newsletter to discuss national news. But this week, we’ve decided to buck tradition by spotlighting what’s going on right now with wages in Michigan – and explain why the outcome of this state-level battle has serious implications for the Democratic party as a whole.
Happy New Year! We hope that you and those close to you have had a wonderful start to 2025. We might be millionaires, but we’re no different than most when it comes to setting New Year’s resolutions. We think goal setting is important in any year and season, but especially this year as Republicans assume their “trifecta” of control in both chambers of Congress and the White House in less than two weeks.
Heard About Buy-Borrow-Die? Meet Buy-Hold for Decades-Sell
Billionaire investment gains that don’t escape tax entirely end up taxed far more lightly than most Americans realize. A ‘Billionaires Income Tax’ could fix that.
As I’m sure you’ve seen, the debt ceiling is in the news again as President Elon Musk and VP Donald Trump try to figure out how to lead the incoming kakistocracy. We thought it would be helpful to explain the issue and the negotiations around it, if you’re looking for some light reading as you finish up your holiday shopping.
Last night, President Elon Musk and Vice President Donald Trump—yes, you read that right—joined forces to kill a funding deal crafted by congressional Republicans to keep the government from shutting down on Friday. Good riddance. If Democrats are going to provide the majority of votes for a short-term government funding bill, it shouldn’t be one that would help unwind one of the signature accomplishments of the Biden era: cracking down on rich tax cheats.
Today, the Patriotic Millionaires joined forces with the Revolving Door Project to launch a grassroots letter campaign – housed at FreeCharlesLittlejohn.com – to urge President Biden to commute the prison sentence of Charles Littlejohn. For this week’s Closer Look, I want to tell you about Charles Littlejohn, make my case as to why he deserves clemency from the president, and do my best to encourage you to join our cause.
If you’re looking to do some holiday shopping this weekend, we have a great tip for you: order a copy of Pay the People! Why Fair Pay is Good for Business and Great for America from Amazon, Barnes & Noble, or Bookshop!
They say you can judge a person by the company they keep. Donald Trump, surrounded by his cadre of old and new billionaire friends, is the epitome of this truth.
Today’s the day! We’re thrilled to announce that our new book, Pay the People! Why Fair Pay is Good for Business and Great for America, is now available to order online and in bookstores across the nation – and that our journey to ensure fair pay for all has entered an exciting new chapter.
Oops! A Rich-People-Friendly Think Tank Confirms Our Richest Pay Under 1 Percent of Their Wealth Annually in Tax
A new Tax Foundation analysis also inadvertently shines a light on the uselessness of ‘adjusted gross income’ as an indicator of actual billionaire economic income.
We hope that you and those close to you have a safe and joyful Thanksgiving. Before the holiday begins, however, we wanted to reach out to you with a small ask.
