5 Ways to End CEO Pay Subsidies

5 Ways to End CEO Pay Subsidies

Close the “performance pay” loophole  The more corporations pay their executives, the less they pay in federal taxes, thanks to a tax code loophole that lets corporations deduct unlimited amounts of executive compensation from their taxable income — as long as they...
Swing Voters Want Wall Street Reform

Swing Voters Want Wall Street Reform

The word “Wall Street” was uttered only once in the final presidential debate — by Donald Trump when he complained about who he thought was funding TV ads against him. And yet Wall Street is clearly on the minds of many voters. A recent poll of likely voters in four...
New President Must Make Tax Reform a Top Priority

New President Must Make Tax Reform a Top Priority

In a few short weeks, this election will be over, and the task of governing will fall on the winning candidate and the reshuffled Congress. At the top of the list of issues to address in the early months of 2017 should be reforming our broken tax code. Why should tax...
Trump Benefits From a Broken Tax System

Trump Benefits From a Broken Tax System

As we heard at the first presidential debate last week, Donald Trump is among the legions of wealthy investors and transnational corporations that lobby for special tax breaks and then declare they have “broken no laws.” Meanwhile, the bottom 99 percent of taxpayers...
Wells Fargo CEO Should Pay Back All Scam-Inflated Pay

Wells Fargo CEO Should Pay Back All Scam-Inflated Pay

After being raked over the coals for one of the biggest scams in Wall Street history, Wells Fargo CEO John Stumpf has agreed to forfeit $41 million in compensation. Astoundingly, this is the first time a Wall Street banker has had to disgorge any of his ill-gotten...
This Tax Law Professor is Taking on the Super Rich

This Tax Law Professor is Taking on the Super Rich

Tax law professors don’t normally have much of a public profile. Victor Fleischer does. In fact, one business journalist has just tagged this ace analyst from the University of San Diego “the closest thing the tax world has to a rock star.” Most rock stars have big...
America’s Huge Racial Wealth Gap Is No Accident

America’s Huge Racial Wealth Gap Is No Accident

Party platforms are dense and often morosely boring documents filled with wonkish policy proposals and partisan jeers at the other side. At over 40 pages, this year’s Democratic Party platform lives up to its predecessors in length and ennui. However, it also includes...
The Big Banks Can Be Beaten

The Big Banks Can Be Beaten

When the 2008 financial crash slammed the New York City construction industry, Maribel Touré’s husband lost his job as an architect. On top of that, Maribel suffered a serious accident. But what really plunged the family into financial trouble was sending their...
Estate Tax to the Rescue

Estate Tax to the Rescue

The U.S. is facing a future of staggering inequalities. If nothing changes in our tax code, the Center for Economic Policy Research now predicts, the wealthiest 1 percent of Americans will claim half of all private U.S. wealth in the next 20 years. Meanwhile, the...
How to Redistribute Wealth—Without the Guillotine

How to Redistribute Wealth—Without the Guillotine

I stumbled into the crowded bookstore on a cold winter day a few years ago, rushing to catch a glimpse of the author speaking in the back. As is my custom, I was late and his speech was well underway. The question and answer began and someone in the crowd asked...
Rare Wins for Tax Fairness Spark New Life Into the Movement

Rare Wins for Tax Fairness Spark New Life Into the Movement

How do you generate tens of billions of dollars in new revenue without raising taxes or passing a law through Congress? Block a corporate inversion, that’s how. This week President Obama announced new rules from the Treasury Department designed to close what he...
How Will the Candidates Tax the Rich?

How Will the Candidates Tax the Rich?

With the Iowa caucuses and New Hampshire primary right around the corner and the debates finished up, the Democratic primary appears neck and neck as Bernie Sanders and Hillary Clinton jostle for support in key early states. They have each put forward detailed tax...
Marshaling Marooned Tax Dollars

Marshaling Marooned Tax Dollars

Republican lawmakers have largely greeted President Barack Obama’s new spending plan as dead on arrival. But at least one provision has a chance of becoming law: a plan to tax the profits that large U.S. corporations have parked in offshore tax shelters and use that...