One year after Trump signed his “big, beautiful bill,” it has begun reshaping the country. At least 4 million people have lost food stamps. Millions more will lose healthcare. Refugees and other legal immigrants are getting kicked off the safety net. And the wealthiest Americans have gotten richer.

"contrary to the conventional wisdom of most pundits, most Americans connect the concept of democracy to economic matters.... a majority of Americans seem to consider redistributive taxation & the provision of basic necessities like food & shelter features of democracy, rather than separate issues."

Great, thought-provoking column by @gmukunda.bsky.social I'll add: British crown's tax subsidies for the British East India Company were the trigger for the American Revolution. h/t @vanessawilliamson.bsky.social Happy 4th: let's be patriots and stop subsidizing AI giants & their data centers! 🎆

A year after the One Big Beautiful Bill Act, it's worth asking what those tax cuts actually bought. Greater fortunes for the wealthiest Americans, less security for millions of working people and a political system increasingly shaped by concentrated wealth and power. Read Noa Rosinplotz's latest:

"It’s always been about who gets what and why. Now, with the hyper-concentration of wealth and power, this question is fundamental to the struggles to defend democracy, tackle the climate crisis, and create more fair and just societies." Thanks🙏 @ianpgary.bsky.social for this lovely parting gift!

Microsoft tax report is a glimpse of offshore games. As I told @richardrubindc.bsky.social, "There is public interest in this information so there's definitely huge value in that. Companies are always free to provide their own context and their own narrative. Unfortunately very few of them do."

“There was one tool in particular that [Roosevelt] wanted to implement – the one tool that, more than anything else, could trim the sails of oligarchs both then and now, and potentially even eliminate oligarchy entirely: Taxes” From @cjcmichel.bsky.social's upcoming book United States of Oligarchy

I grew up under communism and was lucky to escape from it. So here goes: A primer on what is and isn’t communism Rent stabilization ❌ Free buses ❌ Higher taxes ❌ Good healthcare ❌ Strong regulations ❌ Command economy where government owns many companies ✅ One party rule ✅ Geez

Trump's threat to weaponize trade to save Big Tech from new taxes has shaky legal basis and isn't exactly what the MAGA want. If Europeans are "close to actually doing" DSTs as he says, a bunch of US states are already doing it: Maryland, Utah, Illinois, Pennsylvania... Will Trump tariff them too 😉

At a moment when taxes are being framed only as a burden to escape, it's worth remembering that a strong income tax is what makes public investment and shared prosperity for the working class possible. Important reminder in Democracy Journal that progressives should defend, not abandon, income tax.

Brilliant @americanprogress.bsky.social paper on what's really driving the federal deficit. What will it take to fix it? One critical piece: corporate tax reform. New from @factcoalition.bsky.social thefactcoalition.org/we-cant-addr...

US president sued his own government over the publication of personal his tax returns (which happened during his first term) and used that frivolous lawsuit as a pretext to secure tax immunity and a $1.776 slush fund for his violent supporters. Meanwhile in the UK... #NoKings

Can the US police corporate tax avoidance? High-stakes US tax case against Coke has billions in taxes on the line, plus optics ramifications for Trump administration's push to carve out US companies from new global minimum taxes. Excellent coverage from @bloombergtax.com

If you find yourself defending tax havens, you've lost the plot. This is weak tea from Trump's Treasury trying to counter recent NYT tax reporting by @jessedrucker.bsky.social.

Circus minus the bread

I don't agree with every tax policy prescription here, but this closer is such a mic-drop🔥 www.ft.com/content/b277...

The tax code reflects choices about who the economy is designed to reward. As of late, it’s been used to increase the fortunes of the wealthy and corporations. But tax policy can be used to restructure these imbalances, reduce concentrated power, and fund investments that improve people’s lives.

"We must sync our tax code with our trade policy, putting an end to provisions that not only fail to deter offshoring, but actively incentivize it." ✊ @aflcio.org aflcio.org/resolutions/...

Leprechaun economics strikes again! 🍀 When big American pharma companies changed their Irish tax structures & supply chains in response to Trump's tariffs, this caused the entire EU GDP to drop on paper. Meanwhile, the real Irish economy (GNI*) is actually growing modestly this year.

Corporate tax cuts are a key inequality driver. We must fix US corporate taxes to address inequality. "The stock market is where much of the billionaire alchemy happens. Soaring stock profits have been disproportionately captured by the richest sliver." A must-read by @patcohen.bsky.social

Why gutting the Corporate Transparency Act is a big - and very bad - deal.

Looking forward to speaking at this upcoming @fairtaxfoundation.bsky.social webinar on June 22 and sharing our @factcoalition.bsky.social perspective on corporate tax transparency in the US.

Secret shell companies are the getaway vehicles for all kinds of financial crime, and we at @factcoalition.bsky.social are united in our push to combat their harms. Thanks to @davidcorn.bsky.social for this fantastic article.

The United States collects substantially less revenue from corporations than it did several decades ago, and less than peer countries do today. On June 16, leading experts will discuss paths forward on business tax reform. RSVP here: www.hamiltonproject.org/event/taking...

DOJ backing down from $1.8B fund doesn't end the story. The Deputy Attorney General's tax immunity order - and those who brought it about - may have violated criminal laws barring interference in audits and in tax administration. Two tax experts weigh in, as well as on what Congress can now do.

"Exxon and Chevron pay more in taxes abroad than they pay in the US, as detailed in a report by @factcoalition.bsky.social ....The new reporting requirements are particularly relevant now, as the gas and oil industry’s tax avoidance continues while Americans face rising costs at the pump."

"America is already a low-tax country — far lower, as a share of GDP, than almost all other highly developed economies....if the tax rate goes much lower, it will cease to be possible to run this large and complex country." @natasharsarin.bsky.social at her very best🔥 www.nytimes.com/2026/06/02/o...

Yes, truly fighting corruption covers it all: "Asked why they thought Orban lost, 49% cited corruption, only 18% the “worsening economic situation, rising cost of living.” … [then] “lies” (15%); “fearmongering, war rhetoric” (11%); and “people got fed up” (10%). www.nytimes.com/2026/05/29/o...

AI was trained on generations of human knowledge and work. Now Big Tech is making billions from it. It’s time to tax AI and make sure the American people benefit from what they helped build.

Important new story from @jessedrucker.bsky.social and @dylanfreedman.nytimes.com reinforces our work at @factcoalition.bsky.social to close offshore tax loopholes. www.nytimes.com/2026/05/29/b...

Witty, fun read from @ranaforoohar.bsky.social warning against what she so perfectly labels America's "tax cut fetishism." We must defeat it to save the republic.

AI is trained on human creativity and intelligence, funded by federal research using taxpayer dollars, and powered by data centers built on American land. The success of AI should belong to all of us. It’s time to tax AI and invest in people.

Very good update on divergent US and European approaches to the UN tax process. This is an important discussion, and it's a mistake for the US to disengage.

Our @factcoalition.bsky.social research shows that American Big Oil has been lightly taxed at home. As their profits skyrocket at the expense of ordinary Americans, Congress should do everything possible to fix that. A timely proposal led by @schumer.senate.gov @wyden.senate.gov @bennet.senate.gov

"you have to wonder what all the fuss is about, since any billionaires who pay the tax will earn it back in just a few months.... billionaires' fortunes are more than 90% attributable to unpaid taxes." Brilliant @latimes.com op-ed by my great tax mentor Stephen Land www.latimes.com/opinion/stor...

Questions Grow Over Mystery Of Missing Legislative Branch

A president using the IRS and DOJ to protect himself and funnel money to political allies is the kind of corruption democracies are supposed to guard against, not normalize. Our Fellow @bdgesq.bsky.social rightly sounds the alarm:

The facts: -Bezos paid $0 fed'l income tax in 2007 -He paid $0 in '11 -Btn '14-19, his wealth grew by $99 BILLION and he paid $973 million in taxes. Sounds like a lot but it's 0.98% of his wealth growth (which is his true income). www.propublica.org/article/the-...

This is totally bananas but calling it that is an insult to banana republics bsky.app/profile/josh...

Our @factcoalition.bsky.social letter in @taxnotes.com clears the air on our recent analysis and its unmistakable conclusion that many big US companies are slashing their taxes through offshore tax structures, and current US rules aren’t doing much to stop them. www.taxnotes.com/tax-notes-to...

What international tax dodging costs the world: "Every dollar shifted offshore is a hospital unfunded, a classroom without a teacher, a bus network barely built."

Far from impeding economic growth, taxes fund the public services that make a state more attractive to businesses. Investing in schools, roads, and hospitals can be a better approach than tax cuts to help a community prosper. itep.org/do-tax-cuts-...

My oped: the Iran war gasoline price hikes are walloping the working class in the United States. As summer driving season begins, US consumers are paying huge sums for a war that most of them didn't want. 🛢️ www.nytimes.com/2026/05/14/o...

Smart and important new work from @itep.org 👏

Lots of Americans are concerned about what AI means for their jobs. So what did Trump do? He gave Big Tech companies billions of dollars in tax handouts to subsidize some of the richest companies in the world.

A full decade after #PanamaPapers, offshore shenanigans live on, but so does our fight against shell companies and tax havens @factcoalition.bsky.social And investigative journalism also lives on, check out this great work from @bobbyallyn.bsky.social NPR:

Donald Trump, our climate president!

I recommend this excellent @bloombergtax.com podcast for anyone who wants to get up to speed on where things stand on corporate tax transparency: news.bloombergtax.com/daily-tax-re...

Happy International Workers Day #MayDay Solidarity and gratitude to our @factcoalition.bsky.social coalition labor members @aflcio.org @afscme.bsky.social @seiu.org

Do you know a DC-based Operations Manager who would like to put their skills toward taxing the rich alongside our smart, congenial team? Send ‘em our way, we’re hiring!