You’re reading the Prompt 2024 newsletter. Sign up to get it in your inbox. Vice President Kamala Harris is out with her economic plan “to bring down costs for American families.” There’s already a lot of buzz about her proposals to go after corporate “price gouging,” cut taxes for families with kids and offer $25,000 … Read more
The first 2024 presidential debate on Thursday saw President Joe Biden and former President Donald Trump go head-to-head in Atlanta, Georgia, moderated by CNN.The two candidates sparred on everything from taxes to the national debt, highlighting crucial economic issues that are top of mind for entrepreneurs. Fox Business reported that U.S. stock futures were higher … Read more
Tax policy, inflation, the economy and markets will be some key issues for corporate America and Wall Street in tonight’s showdown between President Biden and Donald Trump. Economy, inflation and the fitness of both President Biden and Donald Trump will be in focus during tonight’s presidential debate.Jim Wilson/The New York Times Talking points All eyes … Read more
Corporate executives complain about some of President Biden’s policies, along with his rhetoric. But so far they have not abandoned him en masse. When the White House chief of staff, Jeffrey Zients, met with dozens of top executives in Washington this month, he encountered a familiar list of corporate complaints about President Biden.The executives at … Read more
Politics / June 25, 2024 Yes, they disagree on Gaza. But the Democratic primary rivals are also far apart when it comes to taxing billionaires and multinational corporations. Ad Policy Jamaal Bowman and George Latimer during a debate on May 13, 2024.(News12) Media coverage of Tuesday’s Democratic primary battle between US Rep. Jamaal Bowman—the progressive … Read more
Sen. Bernie Sanders, I-Vermont, and Ed Markey, D-Massachusetts, are introducing legislation in the Senate to impose a 95% windfall tax on the excess profits of large corporations that are overcharging for the products they sell.The Ending Corporate Greed Act would have raised an estimated $300 billion in 2023 from 10 of the largest corporations alone. … Read more
Rep. Jamaal Bowman and Sen. Bernie Sanders on Friday led a group of progressive lawmakers in announcing legislation that would penalize large corporations with a 95% windfall profits tax for using elevated inflation as a pretext to hike prices and pad their bottom lines. The Ending Corporate Greed Act would “establish a 95% windfall profits … Read more
Fact: Ottawa plans to spend .9 billion more than planned over the next five years, with a projected billion deficit this fiscal year.
Tax prep companies like Intuit’s TurboTax and H&R Block are taking an extra 9 hours and 0 from their average customer in low-income neighborhoods. These companies target low-income Black and Brown communities, coercing them into paying for services that are actually available for free. They use deceptive advertising, overcharging, and hiding free options to exploit economically disadvantaged communities. The companies primarily hire unqualified preparers and saturate neighborhoods with their services. The IRS Direct File pilot program offers a free alternative to costly tax preparation services in 12 states, empowering working-class people to keep money in their pockets.
The U.S. Congress should hike taxes on corporations that have been raising prices to increase profits.