Institute on Taxation and Economic Policy

November 17, 2025

Economic Policy Institute: Raising Taxes on the Ultrarich

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The public has supported raising taxes on the ultrarich and corporations for years, but policymakers have not responded. Small increases in taxes on the rich that were instituted during times of Democratic control of Congress and the White House have been consistently swamped by larger tax cuts passed during times of Republican control.

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Quoted Staff Member