If corporations and households with $1 million income paid at the same levels they did in 1961, the Treasury would collect an additional $716 billion a year.
Tagged: government shutdown
Corporations benefit from tax breaks and loopholes, while armies get fortunes from governments. Without sacrificing social programs, there are better ways to balance the budget.
Congress could raise more than $4 trillion in revenue over the next decade by reversing years of tax giveaways to the richest Americans and largest corporations.
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.
A government shutdown was averted for two-weeks yesterday after the the Senate passed a spending bill that expires on March 18th. Senate Majority Whip Dick Durbin, D-Ill said, “The House and the Senate ought to be able to gather together to sit down like adults” and craft a long term solution.