Does that include welfare for the richest, such as
No more tax welfare for Amazon and all the other mega-corps not paying their fair share of taxes?
No more offshore accounts the rich use to shelter income and gains from taxes?
No more carried interest deduction compensation paid to investment executives in private equity, hedge fund and venture capital management so they can avoid paying yearly income tax on profits?
Or are we just going to put an end to welfare for the poorest?
As it is, if the top 1% just paid their taxes, it would completely cover welfare.
A new report makes the case that narrowing the tax gap is part of the Biden administration’s ambition to create a more equitable economy.
www.nytimes.com
Charts and analysis of welfare spending (including Medicaid) including recent spending, spending history, and breakdown between Medicaid and other welfare spending.
www.usgovernmentspending.com