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Millionaires Tax

Michael Madigan's Resurrected Millionaires Tax Faces Opposition

Matthew Dietrich | Posted 04.29.2015 | Chicago
Matthew Dietrich

House Speaker Michael Madigan has revived talks of the millionaires tax again. Many Illinois teachers' unions and education organizations are coming out in favor of the added 3-percent income tax, but at least one member of Madigan's supermajority Democratic Party isn't on board.

Illinois House Speaker Halts Planned Tax On Millionaires

AP | By KERRY LESTER | Posted 06.09.2014 | Politics

SPRINGFIELD, Ill. (AP) — An effort to tax Illinois millionaires is on hold after the state's powerful House speaker couldn't get enough votes to pus...

An Open Letter to Occupy Wall Street

Jumaane D. Williams | Posted 10.03.2012 | New York
Jumaane D. Williams

Dear Occupy Wall Street: I congratulate you on what you have achieved and I hope you take time to decide how the movement will move forward in a constructive manner. Occupy a new space? Get involved electorally? Actively work to reform policy?

Will Someone Please Increase My Taxes!?

Bob Banov and Roger Ohlsen | Posted 11.26.2012 | Politics
Bob Banov and Roger Ohlsen

Wouldn't it be great if the Congress that exacerbated our current situation were held responsible for their grade school behavior which brought on our current financial situation, paying higher taxes until things right themselves, even if it's after some get voted out of office?

House GOP Lifts 'Buffett Rule' Term

AP | JIM ABRAMS | Posted 11.19.2012 | Politics

WASHINGTON — Feel your taxes are too low? House Republicans have devised a new convenient way for those worried about government red ink to dona...

Ron Dicker

WATCH: Want To Be Twitterich? | Ron Dicker | Posted 06.22.2012 | Small Business

What would you do with a million Twitter followers -- and not have to be Charlie Sheen-crazy or Justin Bieber-dreamy to get them? In an experiment ...

Harry Reid Moves To Draw Line In Sand On Debt Deal

AP | ALAN FRAM | Posted 07.22.2012 | Politics

WASHINGTON — Republicans will have to drop their insistence on retaining tax cuts for the rich and plans to reshape Medicare before there can be...

The Case for the Buffett Rule: Fairness for the Taxpayer

Jimmy Dahroug | Posted 07.02.2012 | Politics
Jimmy Dahroug

Is it too much to ask that people making over one million dollars in annual income pay a tax rate comparable to middle income Americans? Why is there one set of rules for millionaires and a different set of rules for the rest of us?

Obama and Romney on Buffett Rule - Both Right ... and Wrong

Lanny Davis | Posted 06.19.2012 | Politics
Lanny Davis

Romney is right to mock the Buffett Rule as more about politics than economic fairness, and Obama is right that even if it's a drop in the bucket, it's still worth doing. Both are wrong to make a big deal about the Buffett Rule as having a serious economic effect one way or the other.

Michael McAuliff

Buffett Rule Goes Down | Michael McAuliff | Posted 04.16.2012 | Politics

WASHINGTON -- Democrats' attempt to pass a Buffett Rule tax on the super wealthy failed Monday in the Senate, as Republicans blocked the measure in a ...

Matt Sledge

Women's Jobs Axed By State Austerity Policies | Matt Sledge | Posted 04.13.2012 | Politics

One Sunday last May, Cherine Akbari moved into her new townhouse in sunny Oakland Park, Fla. The next day, the 27-year-old went to work doing what she...

Obama Urges Congress To Pass 'Buffett Rule' Tax

AP | JIM KUHNHENN | Posted 05.31.2012 | Politics

WASHINGTON — President Barack Obama is calling on Congress to increase taxes on millionaires, reviving a proposal he first pitched last Septembe...

The Buffett Rule: It's About Restoring Tax Fairness

Sen. Tammy Baldwin | Posted 05.26.2012 | Politics
Sen. Tammy Baldwin

It may surprise a lot of people to find Ronald Reagan, Barack Obama, Sheldon Whitehouse and I on the same side of anything. But with an issue like this that makes so much sense the real question is, why does today's right wing disagree?

Will The Rich Really Move If You Raise Their Taxes?

The Huffington Post | Bonnie Kavoussi | Posted 03.25.2012 | Business

Maybe states need not rush quite so fast in the ever-famous race to the bottom. Being forced to pay higher state taxes doesn't appear enough of an...

The Buffett Rule May Not Work

The Huffington Post | Jillian Berman | Posted 03.22.2012 | Business

Even if some of President Obama's more controversial proposals for taxing the rich get turned into law, America's wealthiest families may still be abl...

Buffett Rule Revenue Would Be Drop In The Bucket: Report

AP | ALAN FRAM | Posted 05.20.2012 | Business

WASHINGTON — A bill designed to enact President Barack Obama's plan for a "Buffett rule" tax on the wealthy would rake in just $47 billion over ...

Why We Marched in Sacramento

Chucho Mendoza | Posted 05.07.2012 | College
Chucho Mendoza

The headline in this week's news, "Harvard Now Cheaper Than Cal State," may have shocked many across the country. But for California's families and students, it reflects the reality of millions who have struggled for years with the rising cost of higher education.

Tyler Kingkade

Students In California, New York Call For Millionaire's Tax | Tyler Kingkade | Posted 03.05.2012 | College

NEW YORK -- Thousands of students, union members and Occupy protesters are gathering Monday at the New York and California state capitols, calling for...

Tax the Rich -- It's the Least That We Can Do!

Michael Berkowitz | Posted 05.04.2012 | Politics
Michael Berkowitz

Governor Brown takes a half step in the right direction. But other states should not emulate it. Instead Californians and others should support a proposal which advances real change -- The Millionaires Tax.

Jennifer Bendery

Senate Democrats To Push 'Buffett Rule' Bill This Week | Jennifer Bendery | Posted 07.29.2013 | Politics

WASHINGTON -- Sen. Sheldon Whitehouse (D-R.I.) announced Monday that he will unveil "Buffett Rule" legislation this week. President Barack Obama high...

Obama's Plans Become Fodder For Primary Candidates

AP | ALAN FRAM | Posted 03.31.2012 | Politics

WASHINGTON — Aiming tax increases at millionaires and companies that ship jobs abroad may help frame the fairness theme of President Barack Obam...

Most Millionaires Just 'Want To Be Left Alone By Politicians': Survey

The Huffington Post | Jillian Berman | Posted 01.17.2012 | Business

The rich, say the rich, should be paying more in taxes. Problem is, most aren't aware the label applies to them. Slightly more than 70 percent of ...

The Wall Street Journal Missed the Forest for the Trees on the Millionaires Tax of 2012

Rick Jacobs | Posted 03.10.2012 | Politics
Rick Jacobs

I hope Mr. Arends will step back and look at what the Millionaires Tax of 2012 is all about, not just try to defend a tax code that helps the uber rich while punishing the very middle class he says he advises.

IRS Audits Of Millionaires Jump By Roughly A Third

The Huffington Post | Alexander Eichler | Posted 01.05.2012 | Business

What do the Occupy movement and IRS have in common? They're both taking an interest in the one percent. Tax audits for millionaires jumped in fisca...

Kim Kardashian Targeted by Millionaire Tax Campaign

Posted 07.29.2014 | Celebrity

Kim Kardashian is the latest target of the Courage Campaign, which blasts celebrity millionaires for not paying their fair share in taxes....