“The ultra-wealthy are avoiding nearly $2 trillion in taxes every 10 years,” said Sen. Ron Wyden. “That’s where we ought to go to start making progress.”
By Jake Johnson. Published 9-11-2024 by Common Dreams
The Democratic chair of the Senate Finance Committee said during a hearing Wednesday that instead of tossing Social Security’s sacred guarantee “in the trash” by cutting benefits, lawmakers should crack down on mega-rich tax dodgers as a way to keep the New Deal program fully solvent for decades to come.
“The ultra-wealthy are avoiding nearly $2 trillion in taxes every 10 years,” Sen. Ron Wyden (D-Ore.) said during a Senate Budget Committee hearing. “That is enough to keep Social Security whole till the end of this century.”
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