skip to main content
skip to newscasts

Friday, March 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

The latest on the Key Bridge collapse, New York puts forth legislation to get clean energy projects on the grid and Wisconsin and other states join a federal summer food program to help feed kids across the country.

view newscast page
play newscast audioPlay

Republicans float conspiracy theories on the collapse of Baltimore's Key Bridge, South Carolina's congressional elections will use a map ruled unconstitutional, and the Senate schedules an impeachment trial for Homeland Secretary Mayorkas.

view newscast page
play newscast audioPlay

Historic wildfires could create housing and health issues for rural Texans, a Kentucky program helps prison parolees start a new life, and descendants of Nicodemus, Kansas celebrate the Black settlers who journeyed across the 1870s plains seeking self-governance.

High-Net-Worth Individuals Urge Tax Increases for Wealthy, Corporations

play audio
Play

Thursday, September 16, 2021   

DETROIT -- More than 200 high-net-worth individuals who would personally pay more under the Biden administration's proposed changes to the federal tax code signed a letter this week, urging Congress to move forward on the $3.5 trillion budget bill.

To fund the budget, President Joe Biden wants to raise the income tax rate for folks making more than $400,000 a year, tax capital gains as income for those making more than $1 million a year, raise the corporate tax rate, close loopholes, and strengthen IRS enforcement.

Sandra Fluke, president of Voices for Progress, the lead organizer behind the letter, explained their support.

"Each of these proposals is to make sure that we have a fair tax system that makes sure that those who have the most and are benefitting the most are asked to pay the most as well," Fluke outlined.

One Michigander joined the letter to House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer. A recent poll showed that Americans overwhelmingly support raising taxes on the wealthy instead of borrowing and increasing debt. Opponents include Republicans and business groups who say it could harm economic recovery from the pandemic.

Fluke added the Trump administration's tax cuts in 2017 set the nation's revenue back, and his gutting of the IRS to a third of its previous size limits its ability to enforce tax policy.

"We only have to look out of our window to see what is happening in terms of the severe weather being caused by climate change," Fluke observed. "So we gotta make those investments and not be giving away tax cuts to corporations that are actually lower than they even asked for."

She urged Americans who also support making sure the wealthy and corporations pay their fair share to reach out to their own legislators. She argued it is an opportunity to invest more than ever before in child care, long-term care, health care and more.


get more stories like this via email
more stories
The U.S. Supreme Court heard arguments this week about the popular abortion pill Mifepristone and will weigh in on whether the U.S. Food and Drug Administration was correct in how it can be dosed and prescribed. (Ascannio/Adobe Stock)

Health and Wellness

play sound

Missouri residents are worried about future access to birth control. The latest survey from The Right Time, an initiative based in Missouri…


Social Issues

play sound

Wisconsin children from low-income families are now on track to get nutritious foods over the summer. Federal officials have approved the Badger …

Social Issues

play sound

Almost 2,900 people are unsheltered on any given night in the Beehive State. Gov. Spencer Cox is celebrating signing nine bills he says are geared …


The U.S. teaching workforce remains primarily white while the percentage of Black teachers has declined. However, the percentage of Asian and Latinx teachers is rising.(WavebreakMediaMicro/Adobestock)

Social Issues

play sound

Education advocates are calling on lawmakers to increase funding for programs to combat the teacher shortage. Around 37% of schools nationwide …

Environment

play sound

New York's Legislature is considering a bill to get clean-energy projects connected to the grid faster. It's called the RAPID Act, for "Renewable …

Social Issues

play sound

Michigan recently implemented a significant juvenile justice reform package following recommendations from a task force made up of prosecutors…

Health and Wellness

play sound

Medicare and Medicaid are key sources of health coverage for many Americans and some people qualify for assistance under both programs. With lagging …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021