April 28, 2021

Movement for Black Lives (M4BL): Restructure Tax Codes

ITEP Work in Action

The current taxation system exacerbates economic and racial disparities rather than generating sufficient revenue to be redistributed for the common good. Billionaires and corporations benefit from subsidies and tax breaks to accumulate wealth while avoiding taxation. Meanwhile low-income people and communities, who are disproportionately Black, are targeted for higher taxes and more aggressive enforcement of tax codes. Funding for public programs and infrastructure is slashed under the pretext of revenue shortfalls, while policymakers refuse to raise taxes and impose fees and fines disproportionately borne by Black and low-income communities to generate revenue instead.

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