WASHINGTON October 18, 2021 – America’s billionaires have grown $2.1 trillion richer during the pandemic, their collective fortune skyrocketing by 70%—from just short of $3 trillion at the start of the COVID crisis on March 18, 2020, to over $5 trillion on October 15 of this year, according to Forbes data analyzed by Americans for […]
Americans for Tax Fairness
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Net Worth of U.S. Billionaires Has Soared by $1 Trillion — to Total of $4 Trillion — Since Pandemic Began
December 10, 2020 – The collective wealth of America’s 651 billionaires has jumped by over $1 trillion since roughly the beginning of the COVID-19 pandemic to a total of $4 trillion at market close on Monday, December 7, 2020. Their wealth growth since March is more than the $908 billion in pandemic relief proposed by a bipartisan […]
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130 National Organizations Urge Congress To Oppose “Round 2” of Trump-GOP Tax Cuts
Washington, D.C. June 13, 2018 – A coalition of 130 prominent national organizations have come together to oppose a proposal by President Trump and the GOP-led Congress for a second round of tax cuts that will largely benefit the wealthy, cost an estimated $800 billion and jeopardize funding for Social Security, Medicare, Medicaid, education and […]
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$407 Billion in Corporate Stock Buybacks: How Businesses in Your State Are Spending Trump Tax Cuts
Washington, D.C. May 11, 2018 – Americans for Tax Fairness released the latest updates on the Trump Tax Cut Truths website detailing how businesses are spending their tax savings since the passage of the Tax Cut and Jobs Act. The updates include a searchable map allowing you to easily find out how corporations headquartered in each state […]
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Americans for Tax Fairness: 9 Terrible Things About the Republican Tax Plan
Nov. 6, 2017 – Puts corporations over healthcare. Corporate tax rate is slashed from 35% to 20%, losing $1.5 trillion—equal to the cuts Republicans plan to make to Medicare and Medicaid. Puts Wall Street over seniors. Hedge funds, law firms, and real estate companies like Trump’s get a $448 billion tax cut from the drop (from 39.6% to 25%) in the […]
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Report: Trump Could Get Up to a $2.8 Million Annual Tax Cut From GOP Health Plan
WASHINGTON, July 13, 2017 – In a new study, Americans for Tax Fairness estimates that President Trump could get a personal tax cut of between $1.4 million and $2.8 million a year if Republicans in Congress repeal a key provision of the Affordable Care Act (ACA). The range is due to the income ranges provided by […]
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Tax Coalition Urges House Ways & Means Committee to Approve Release of Trump Tax Returns in Vote Today
WASHINGTON, D.C. March 28, 2017 – Members of the House Ways and Means Committee have a chance to stand up for accountability, transparency and honest government today, as the Committee is scheduled to vote on a resolution to direct the Treasury Secretary to provide President Trump’s federal tax returns to Congress. “This is an issue […]
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Trump Trying to Eliminate the Biggest Tax He Pays: The Alternative Minimum Tax
WASHINGTON, D.C. March 15, 2017—President Trump’s newly reported 2005 federal tax return shows he is trying to eliminate the one tax that affects him far more than any other: the alternative minimum tax. Journalist David Cay Johnston revealed a copy of two pages of Trump’s 2005 tax return on MSNBC’s The Rachel Maddow Show last […]