Biden’s IRA Targets a Corporate Tactic for Amassing Wealth and Avoiding Taxes. Will It Work?
Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.The Inflation Reduction Act—the blockbuster tax and climate reform bill passed by the Senate earlier this week—includes several provisions aimed at forcing corporations to pay a fairer share of their taxes. These include a rule…
No, the IRS Is Not Hiring 87,000 New Agents to Go After Ordinary Taxpayers
Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.It was inevitable, after the Senate’s recent passage of the Inflation Reduction Act (IRA), that the IRS would come under renewed attack. Republicans loathe taxes and the IRS is an easy target. Nobody likes it…
The Carried Interest Loophole Is Going to Outlast Us All
Sen. Kyrsten Sinema and Bain Capital co-founder Mitt RomneyTom Williams/CQ Roll Call via ZUMA Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.On Sunday, the Senate passed the Inflation Reduction Act on a party-line vote, sending the domestic policy package to the House for final passage. Barring…
Kyrsten Sinema Is on Board With Democrats’ Climate and Tax Bill
Rod Lamkey/CNP/Zuma Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.Sen. Kyrsten Sinema (D-Ariz.), a crucial vote in an evenly divided Senate, announced last night that she would support a key piece of Biden’s legislative agenda—with some caveats. Last week, Sen. Joe Manchin (D-W.Va.), a longtime holdout,…
New Records Show Tax Money Paid for Madison Cawthorn’s Resort Booking
A “boutique mountain hotel” got thousands in government funds. AP Photo/Chris Seward Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.Rep. Madison Cawthorn (R-N.C.), a politician who has made it a point to rail against colleagues who “love wasting your hard-earned tax dollars,” appears…
Joe Biden Reveals His Enemies List—the Good Kind
President Joe Biden delivers his first State of the Union address to a joint session of Congress at the Capitol, as Vice President Kamala Harris and House Speaker Nancy Pelosi watch.Saul Loeb/AP Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.You can often judge a…