Congress should immediately pass the Wall Street Tax Act,(A Financial Transaction Tax - FTT), which would tax the sort of high-speed trading that has turned the financial sector into a casino at the expense of our communities.
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Bernie Sanders says "socialism for the rich" is Amazon, owned by Jeff Bezos, the richest man on Earth, paying no taxes and getting millions of dollars in rebates.
Biden has gone on record to suggest that he would be open to changes in Social Security which might result in lower payments for some. Biden has also considered increasing the age of retirement as a way to keep the Social Security system solvent.
Biden has, at times, seemed sympathetic to Republican arguments to increase the age of retirement as a way to keep Social Security solvent and to modify how benefits are calculated adjusting for inflation -- maybe resulting in lower benefits.
Biden is not going to quadruple anybody’s taxes, but he will increase the tax burden on the very rich. The richest 5 percent of taxpayers would bear almost the entire burden of Biden’s plan, which would raise $2.8 trillion over the next decade...
The Lightfoot administration intercepted at least $27 million in 2020 from residents’ state tax refunds to collect on debt, disproportionately hitting lower income neighborhoods and communities of color.
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