TopicsPosts by Rina
The Latest Tax Code Cheat: Audit Immunity, Conflicts of Interest, and Crypto Grift
By Patrick Woodall, Managing Director, Americans for Financial Reform Education Fund and John Foti, Deputy Executive Director and Legislative Director, Americans for Tax Fairness President Trump is attempting to give himself a get out of tax jail free card: the Trump Justice Department recently settled an IRS case brought by Trump that gives him, his businesses, and his family (and…Read More
New Analysis: Firms Spend $4.8T on Stock Buybacks Since 1st Trump-GOP Tax Law
Today, Americans for Tax Fairness released a new analysis revealing that 100 major corporations have spent $4.8T on stock buybacks since the 2017 Trump-GOP tax law. If the Stock Buyback Accountability Act, introduced by Leader Schumer (D-NY), Senator Wyden (D-OR), and Senator Warren (D-MA), had applied, it could have raised nearly $200B. Ten companies accounted for more than $2T of…Read More
BUYBACK BLOWOUT: FIRMS REPURCHASE $4.8T OF STOCK SINCE 2017 TRUMP-GOP TAX LAW
Huge Tax Cuts Used to Enrich Shareholders Rather Than Boost Pay or Investment Overview One hundred of America’s biggest corporations over the eight years since enactment of the 2017 Trump-GOP tax law have used their tax cuts to help repurchase $4.8 trillion of their own stock, according to a new analysis by Americans for Tax Fairness (ATF). Since 2017, stock…Read More
Trump Takes Aim at American Taxpayers with $10 Billion Personal Lawsuit
Last night, reports indicated that President Trump, his family, and private businesses are suing the Internal Revenue Service for $10 billion. This lawsuit follows a troubling pattern in which Trump and his ideological allies file massive lawsuits against the media and federal government with little chance of success in the courtroom, only to settle out of court for millions because…Read More