For Immediate Release


Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167

The Great Tax Burden Shift: From the Rich to the Rest?

WASHINGTON - The Institute for Policy Studies has just released a report titled "Reversing the Great Tax Shift: Seven Steps to Finance Our Economic Recovery Fairly."

Among the authors of the report available for interviews are:

Collins, senior scholar at the Institute for Policy Studies, said today: "Now is the time to reverse three decades of tax cuts for America's ultra-wealthy. In 1955, when April 15 became 'tax day,' America's top 400 taxpayers paid three times more of their income in taxes than the top 400 of 2006."

JOHN CAVANAGH, via Emily Schwartz Greco
Cavanagh is IPS director. The new report outlines specific proposals that IPS states "would raise $450 billion of revenue to support economic recovery." These include:

* "Introducing a modest financial transaction tax that will chill speculation and generate $100 billion a year.


The media landscape is changing fast

Our news team is changing too as we work hard to bring you the news that matters most.

Change is coming. And we've got it covered.

Please donate to our 2019 Mid-Year Campaign today.

* "Implementing an estate tax reform that taxes inheritances over $2 million at progressive rates.

* "Setting an emergency tax rate on extremely high incomes that would generate over $60 billion a year.

* "Eliminating the tax preference on capital gains and dividend income, generating $80 billion.

* "Closing overseas tax havens for individuals and corporations, generating $100 billion.

* "Scrapping $18 billion in tax breaks that subsidize excessive CEO compensation."


We want a more open and sharing world.

That's why our content is free. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. How? Nonprofit. Independent. Reader-supported.

All of our original content is published under Creative Commons—allowing (and encouraging) our articles to be republished freely anywhere. In addition to the traffic and reach our content generates on our site, the multiplying impact of our work is huge and growing as our articles flourish across the Internet and are republished by other large and small online and print outlets around the world.

Several times a year we run brief campaigns to ask our readers to pitch in—and thousands of small donations fund our newsroom and allow us to continue publishing. Our 2019 Mid-Year Campaign is underway. Can you help? We can't do it without you.

Please select a donation method:

A nationwide consortium, the Institute for Public Accuracy (IPA) represents an unprecedented effort to bring other voices to the mass-media table often dominated by a few major think tanks. IPA works to broaden public discourse in mainstream media, while building communication with alternative media outlets and grassroots activists.

Share This Article

More in: