DENVER - Some 200 wealthy taxpayers and business owners, including 14 in Colorado, are asking Congress to raise their taxes.

An open letter delivered to lawmakers agrees with President Joe Biden's proposal to tap corporations and the wealthy to finance a $3.5 trillion "Build Back Better" infrastructure package.

Sandra Fluke, president of the nonprofit Voices for Progress, said she sees the legislation as an opportunity to reorder the nation's spending priorities.

"Child-care affordability, home- and community-based care, and paid leave, fighting climate change and protecting all of us from natural disasters - are good investments," she said, "investments that will help to rebuild our economy and to strengthen our democracy."

The letter also called on Congress to restore funding to the IRS, which lost one-third of its enforcement staff in recent years and has seen a 60% drop in the number of audits it performs. GOP leaders have vowed to vigorously defend Trump-era tax cuts, and some Democrats have warned that raising the corporate tax rate will make it harder for companies to compete globally.

Fluke said she believes the promises made ahead of the 2017 tax cuts were just a "bait-and-switch" tactic to justify a tax code that largely benefits corporations and the wealthy.

"Things like cutting that top marginal income-tax rate were supposed to improve our economy," she said, "and that didn't happen at all."

The letter asked Congress to reduce income inequality, by raising the tax rate for passive investment income for individuals who bring home more than $1 million a year, to the same rate as worker wages. Wealthy Americans also want Congress to make corporations pay more to address climate change.

"And we only have to look out of our window to see what's happening in terms of the severe weather being caused by climate change," she said. "So, we've got to make those investments, and not be giving away tax cuts to corporations that are actually lower than what they even asked for."

Saturday is National Drug Take Back Day, and there will be more than 135 events across Wisconsin where folks can dispose of both controlled and noncontrolled prescription drugs.

In part, the annual occasion aims to combat the spread of illicit opioid prescriptions, which have long plagued Wisconsin and the nation.

Josh Kaul, Wisconsin's Attorney General, said at a Stand Up for Recovery Ceremony this week, the state is seeing fewer new opioid prescriptions.

"There has been a significant decline in opioid prescriptions over the last several years," Kaul observed. "That has been really encouraging to see. There is undoubtedly increased awareness that prescriptions can lead to substance-use disorder."

According to a news release, residents can bring e-cigarette devices with the batteries removed,
aerosol sprays, inhalers and pet medications, among other things. Illegal drugs, needles and anything containing a bodily fluid will not be accepted.

While overall new prescriptions may be down, data indicates Wisconsin still struggles with the opioid crisis. According to the state's Department of Health Services, there were more than 1,200 opioid-related deaths in Wisconsin in 2020, the latest full year of available data, the highest annual death count since at least 2014.

Kaul pointed out the pandemic has exacerbated underlying mental-health issues for those working through substance-use disorder.

"The pandemic has led, as we all know, to increased isolation, increased mental-health challenges," Kaul noted. "It has caused many people to lose loved ones as a result of the pandemic, and that has taken a major toll on mental health and on substance-use disorder."

While officials encourage people to dispose of unused prescriptions this weekend, there are nearly 500 permanent drug disposal boxes scattered across the state.

Yesterday, April 20, was an unofficial holiday for marijuana enthusiasts across the country, and here in Wisconsin, lawmakers marked the day by weighing the future of pot in the Badger State.

In a Senate committee hearing, legislators considered a Republican-authored bill which would legalize medical marijuana, with tight controls and regulation from state agencies and doctors.

Sen. Mary Felzkowski, R-Irma, noted both Republican and Democrat-controlled states have passed similar bills.

"It's in complete red states, it's in complete blue states, it's in purple states; and I don't think that medical marijuana is a partisan issue," Felzkowski asserted. "This is about a drug, it's not an FDA-approved drug, but it's a drug under a doctor's care that can help people with debilitating diseases."

Democrats have criticized Felzkowski's bill for being too restrictive, as the measure does not allow folks to smoke marijuana and only permits medical pot for a limited range of illnesses, although Felzkowski countered the list is open to additions.

Democrats have tried and failed for years to pass recreational marijuana bills through the GOP-controlled Legislature. Lawmakers are not scheduled to reconvene and vote on any bills until next year.

The measure is opposed by the Wisconsin Chiefs of Police Association and the Wisconsin Medical Society, and supported by the Business Education Fund and the Wisconsin Hemp Farmers and Manufacturers Association.

Sen. Melissa Agard, D-Madison, said the bill is "half-baked" and doesn't go far enough.

"Senate Bill 1034 doesn't address our racial disparities," Agard contended. "And it doesn't provide a path for expungements and bars people who have been previously harmed by these controlled substances and the prohibition of cannabis from contributing to this important industry."

A recent Marquette Law School poll of Wisconsin voters found 61% of respondents support legalizing marijuana. And 51% of Republican respondents support full legalization, up 10% from 2019. According to the National Conference of State Legislatures, at least 37 states, four U.S. territories and Washington, D.C. permit medical cannabis.

A new report confirms what it said CEOs have been telling shareholders for months: Inflation has been very good for business.

Lindsay Owens, executive director of the Groundwork Collaborative, the group behind the report, said families in Nebraska and across the U.S. are on the hook, as powerful corporations tap the pandemic's economic fallout to rake in record-breaking profits. Last year, corporate profit margins reached their highest level since 1950.

"Meanwhile, prices were soaring for American families," Owens pointed out. "CEOs and firms are not just passing on their rising costs, right? They're not just asking consumers to pay for inflation effectively. They're going for more."

In just one example uncovered by researchers of CEOs boasting during corporate earnings calls about price hikes and profits, the CEO of Constellation Brands, the parent company of popular beers Modelo and Corona, said the company planned to "take as much as [we] can" from its Hispanic customer base.

Owens noted if the playing field were level, other companies could take customers away from firms raising prices. But she emphasized virtual monopolies consolidated over past decades make it all but impossible. Tyson's CEO told shareholders it was raising prices to cover increased costs, plus a little extra.

"And that 'a little extra' is accelerating price hikes, and bringing in record profits for Tyson," Owens contended. "And because there are really only four major meatpackers, these guys are effectively all running the same pricing strategy. And there is really no one to undercut them."

Constellation Brands and Tyson have not yet responded to a request for comment. Last week Owens testified at a U.S. Senate Budget Committee hearing on price-gouging and corporate greed. She recommended the first option available to lawmakers to hold companies accountable is to make use of the tax code.

"Taxing excess and windfall profits will make profiteering less appealing to the large companies," Owens explained. "The second is thinking about enacting a federal price-gouging statute, and enforcing the laws already on the books."