Reversing tax giveaways to the super-rich and the nation's largest corporations could raise $4 trillion within a decade and avert possible government closures.
IPS scholars track how 50 years of tax breaks benefited the wealthiest Americans.
Tax Day 2009 will come upon a time of financial crisis and extreme economic inequality. The Institute for Policy Studies proposes a series of measures to alleviate both problems.
IPS scholars find that taxes on the wealthy don’t hurt consumption, and discourage the type of speculation that fueled the high-tech and housing bubbles.