All posts tagged "Wealthy And Giant Corporations"

As congressional Republicans prepare for Donald Trump's possible White House return by plotting to expand tax cuts for corporations and the wealthy that were the cornerstone of his first term in office, U.S. Sen. Elizabeth Warren on Monday said Democrats must be ferocious opponents of another "GOP tax scam," while also providing an alternative vision.

"It's time to stiffen our spines," said Warren in social media post. "President [Joe] Biden is right: If the 2025 tax bill doesn't call on the wealthy and giant corporations to shoulder a bigger share of what it costs to run this country. Democrats should reject it outright. No more Trump tax breaks for billionaires."

As Common Dreams reported earlier this month, Republican lawmakers are ready and eager to ram through an expanded version of the 2017 Tax Cuts and Jobs Act (TCJA). Falsely touted by Trump as a boon to working-class families, the law was a massive windfall for corporations and the rich and added trillions of dollars to the national debt. ...