Since the law’s passage, the federal government has seen the largest year-over-year drop in corporate tax revenue outside of a recession.
Post-WWII reforms like the New Deal and the ensuing consolidation of the labor movement increased income equality in the U.S., but the playing field started to tilt in the 1970s due to the forces of globalization and pro-corporate government policies that hurt the working class.
A French economist finds that America’s tax structure lies at the heart of inequality.
Swarthmore students shutter scandal-wracked fraternities. Business interests fight L.A.’s school parcel tax. The wage penalty sapping teachers’ salaries.
Co-published by Fast Company
The ability to force the rich to pay their taxes is at least as monumental a challenge as the political project to increase taxes on the wealthy.