Page 3 - Progressive Tax Code News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Wealthier americans are getting a better tax break? >> americans want to see tax reform more for efficiency growth and simplicity. it's a challenge because right now we have the most progressive tax code in the entire developed world. the top 20% of taxpayers currently pay 88% of all income taxes to the federal government and 69% of the combined federal taxes to the federal government. so itsz hard to make the tax code more progressive than that. if the wealthy individuals are getting big tax cuts, that's not going to pass because that's not how the american people see tax reform. if it is a h...

To push the things through. elizabeth warren is able to refinance their student loans. that's part of her platform. bernie sanders wants to make sure we have a progressive tax code that's part of her platform. all of the things they have been pushing for are things she supports. >> a lot of folks, a lot of progressives hear you say that hillary clinton is one of them. and they roll their eyes. they think back to how they had to pressure her to change her mind on tpp or college affordability and not something she was talking about as much until bernie sanders started talking about it. how real ...

Yeah, close these loopholes here, still keep a progressive tax code in it. it is -- look. you can say this with trump. it is arguably, if you're looking to reform the tax code and believe that your only shot is to do is semi-incrementally, this actually is a very realistic starting point. now, look. we have to see if his numbers add up. he obviously believes they do. there is a lot of tax research analysts that will go through this the next couple of days. it could very well be that some of this stuff doesn't fully add up. but it is going to get the ire of some conservatives who have have been...

About these issues is incredibly important. >> the other possibility is a progressive tax code. >> but i just -- i appreciate all of you being here today. because it's the end of the year. and for a lot of people, they're trying to stretch a budget to get holiday items and a lot of people are trying to figure out, have they given enough for the year to get their tax write-offs. and in that moment of split, it might be worth thinking about how to access charity for good. thank you to jennifer jones austin, to stacy palmer, to igor wolski, and to aurora cepeda. up next, famed poet, activist, a...

Have enough money to even buy the chicken that they're frying. that's wrong. we got to do something about it. >> congressman, i'm just going to open this up to our folks in new york. michael, we just talked to mayoral candidate joe loda about income inequality in this country. president obama endorsed bill de blasio yesterday, had a sort of on the margins meeting with him yesterday while he was in new york. i thought that was really fascinating, given the fact that the white house usually maintains they don't get involved in local races. i saw it sort of as a distinct effort by the part of the...