How About a Tax System for the 99 Percent?

Cross-Posted with Yes! Magazine

Paying taxes, as tens of millions of us in the United States do every April, evokes many emotions—from gratitude for government programs that feed the hungry to disgust over paying for fossil fuel subsidies and unjust wars. But among a growing number of people, it is also evoking anger over an unequal tax system that favors the 1 percent over the 99 percent. More and more of us are saying that corporations, Wall Street, and the wealthy should pay their fair share.

Robin Hood Tax USA/Flickr

Robin Hood Tax USA/Flickr

The good news is that rising numbers of organizations and people are involved in struggles for a more just tax system. Below we share the contours of three such campaigns, all of them winnable before the next U.S. president is elected.

Corporations: Daily newspaper headlines remind us that corporations are making record profits while their workers’ paychecks have been frozen for decades. These same corporations complain that the corporate tax rate, pegged at a mere 35 percent, is one of the highest in the world. And, corporations are lobbying furiously to cut that rate.

Read the rest of this post on Yes! Magazine’s website