How Tax Fairness Can Promote Racial Equity - By David Kass and Portia Allen-Kyle

Addressing the windfalls enjoyed by white taxpayers, the ultra-wealthy, and corporations will require The racial wealth gap has become wider during a nuanced policy strategy that both curbs the the past couple of decades as significant economic accumulation of wealth for those at the top by events such as the Great Recession and the COVID-19 addressing manipulation, favoritism, and lack of pandemi. [...] Similar to the monumental investments in needed to stop the massive accumulation of benefits infrastructure in the Bipartisan Infrastructure Law and flowing to wealthy individuals and corporations climate solutions in the Inflation Reduction Act, we now through current tax policy and provide an overview of have a once-in-a-generation opportunity to achieve a minimum policies to begin to address ra. [...] The more time wealth has to grow, the greater the wealth and the power that comes with it. [...] Wealth that passes between generations has the most time to grow and therefore becomes the largest, and for the first time the amount of wealth inherited by new billionaires was greater than the amount of wealth generated through entrepreneurship. [...] • Both the Biden-Harris administration and Senate Finance •• To shield their rich tax-evading supporters, Committee Chairman Ron Wyden have offered proposals Congressional Republicans have already begun to to address wealth inequality and the racial wealth gap: the attack the restored funding for the IRS funding, Billionaire Minimum Income Tax (BMIT) and the Billionaire clawing back some of that f.