Saturday, November 27, 2021

Play

Don't want the hassles of Black Friday - consider a refurbished gift this year; day after Thanksgiving travel could be messy - and supporters regroup for recreational marijuana in South Dakota.

Play

Big retailers predict an historic holiday shopping season, but small businesses are not sharing that optimism, and economists weigh in on what s behind the nation's labor shortages.

Play

South Dakota foster kids find homes with Native families; a conservative group wants oil and gas reform; rural Pennsylvania residents object to planes flying above tree tops; and poetry debuts to celebrate the land.

200 Higher-Income Earners Urge Congress to Boost Their Taxes

Play

Thursday, September 16, 2021   

MILWAUKEE, Wis. -- Dozens of wealthy Americans from several states, including Wisconsin, are pressuring Congress to boost taxes on higher-income earners, and contended it is a fair way to fund a vast array of social improvements pursued by the Biden administration.

This past week, a letter signed by more than 200 millionaires and high-net-worth individuals was sent to Washington. The signees argued they and other wealthy Americans should pay for investments in clean energy and other priorities under the
Build Back Better initiative.

Sandra Fluke, president of Voices for Progress, the lead organizer behind the letter, said the U.S. cannot seek a better future by asking the working class to shoulder the burden.

"We have situations where we are taxing the pay that someone receives, their salary from working a job, more than we are taxing the profits that are made on investments, and that's just wrong," Fluke asserted.

The letter includes eight signatures from prominent figures in Wisconsin, Minnesota, Michigan and Illinois. As Congress hammers out details in the $3.5 trillion package, House Democrats have floated boosting the income tax for upper brackets to more than 39%, and the corporate tax to nearly 26%.

Republicans and business groups are lining up against the budget reconciliation, saying it could harm the economic recovery from the pandemic.

The plan also calls for new spending in areas such as health care and child care, along with strategies that address environmental issues.

Fluke calls those good investments.

"Things like investing in fighting climate change and protecting all of us from the natural disasters we're currently experiencing," Fluke explained.

The debate follows a summer in which the Midwest saw a prolonged drought in many areas, along with smoky air that drifted from wildfires elsewhere.

While opponents of the Biden plan emphasized the price tag is too high, supporters say the spending would be spread out over a decade. They also point to polling from ALG Research and Hart Research showing that Americans overwhelmingly support raising taxes for the wealthy instead of borrowing and increasing debt.


get more stories like this via email
Vicki Harder-Thorne is honoring 30 years of sweat equity her parents put into restoring 80 acres of land in Ottawa County. (Harder-Thorne)

Environment

COLUMBUS, Ohio -- Succession is an inevitable process for Ohio farmers, and it can also be an opportunity to re-imagine the land. Vicki Harder-…


Environment

HELENA, Mont. -- To honor the Biden administration's steps toward greater ties with tribal nations, conservation groups are calling on it to list the …

Social Issues

PIERRE, S.D. -- Supporters of establishing recreational marijuana in South Dakota say they're pouring all their energy into a new ballot initiative…


Farming is Virginia's largest private industry, according to the state Department of Agriculture and Consumer Services. (Adobe Stock)

Environment

RICHMOND, Va. -- In central Virginia, permanent access to land is one of the biggest barriers to farming. A new land-trust model aims to secure both …

Social Issues

BOSTON -- This holiday season, consumer advocates are urging Commonwealth residents to consider giving gifts that don't require purchasing anything…

The mission of the 'Buy Nothing Project' is to promote the giving of goods and services within hyperlocal circles. (bfleeson/Pixabay)

Social Issues

AUSTIN, Texas -- Supply chain delays have some holiday shoppers stressed that gifts won't be on store shelves on this "Black Friday," or won't arrive …

Social Issues

DETROIT -- As cold weather moves in, state agencies are working to make sure Michiganders know how to apply for the Michigan Energy Assistance …

Social Issues

NEW YORK -- A team of New York-based filmmakers is producing a documentary about reclaiming Indigenous heritage, told through the experiences of an 18…

 

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