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America Is in a Disgraced Class of Its Own

NYT | G Casasus/Javier Zayas Photography
NYT | G Casasus/Javier Zayas Photography

We could fund powerful antipoverty programs through sensible tax reform and enforcement. A recent study estimates that collecting all unpaid federal income taxes from the top 1 percent — not raising their taxes, mind you, just putting an end to their tax evasion — would add $175 billion a year to the public purse. That’s enough to more than double federal investment in affordable housing or to re-establish the expanded child tax credit. In fact, an additional $175 billion a year is almost enough to lift everyone out of poverty altogether.

Posted in: News on 04/03/2023 | Link to this post on IFP |
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