Sue Dinsdale is the director of Iowa Citizen Action Network and leads the Health Care For America NOW campaign in Iowa.
Rising inflation and the escalating cost of everything from gas to houses made Tax Day 2022 more memorable for some Americans than in past years. Rising economic anxiety is bound to collide with middle class tax bills as families worry about the future and make plans to tighten their belts over the short-term.
But the nation’s 700 billionaires face no such worries. Unlike the rest of us who struggled through the pandemic and are now trying to catch up in its aftermath, billionaires actually increased their wealth substantially during the last two years.
Yet, thanks to our skewed tax code, they won’t have to pay more in taxes like the rest of us do.Continue Reading...