Lead Art: William Mitchell, Precinct Chair of NC Precinct 212, hypes up the volunteer canvassers with the Mecklenburg County Democratic Party at one of the 24 launch spots happening that day on Oct. 19 in Charlotte, North Carolina. | Angelina Katsanis/POLITICO Oct 2024 President...
Cutting FICA and business taxes would be a good early step, as both dramatically affect the 99%. Annual increases in the standard income tax deduction, and a reverse income tax also would provide benefits from the bottom up. Both would narrow the Gap. 8. TAX THE VERY RICH (THE “.1%) ...
Many lawmakers and outside stakeholders have expressed concern that diverting tax money from Social Security — which the payroll tax helps fund — would weaken the program, which provides an average monthly benefit of $1,237 to some 40 million seniors. The Social Security Administration’s actuari...