Treasury Department Archive

TweetShareSharePin0 Shares Across the Global South ordinary people – and women and particular – have been shortchanged by Covid recovery measures. A new analysis by the Financial Transparency Coalition (FTC), of which TJN is a member, shows that across 21 developing countries only 37 percent of Covid recovery funds were used for desperately-needed social protection

TweetShareSharePin0 Shares Over 1 million ineligible families received benefits from the expanded child tax credit, while thousands of eligible families got nothing. There has recent been a mounting effort, led by key Congressional Democrats, to extend President Biden’s enhanced child tax credit (CTC), which played a role in reducing child poverty nationwide. Per a recent report from the Census

TweetShareSharePin0 Shares A College Park, Georgia man has been sentenced to five years in federal prison for taking advantage of elderly people in a lottery scam that cost victims millions. According to an official release from the United States Department of Justice, Adedayo Akinwunmi Agbayewa, 45, will serve his half-decade prison term in addition to paying 

TweetShareSharePin0 Shares A federal probe by the United States Securities and Exchange Commission (SEC) has resulted in 16 Wall Street banks being fined over $1 billion. CNBC reported on the situation, noting that well-known companies like Bank of America, Barclays, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley, and UBS, were all cited.  The outlet specifically

TweetShareSharePin0 Shares Every year millions of children are denied access to public education. Education is a child’s right, but government revenue budgets, especially in low income countries, are almost always insufficient to ensure all children have the opportunity to access publicly funded primary and secondary school. In preparation for the United Nations Transforming Education Summit last

TweetShareSharePin0 Shares Thanks to surging tax revenues and an unprecedented infusion of federal aid, many states cut taxes over the past two years by lowering individual income tax rates, expanding tax credits, or sending one-time checks to residents. But there is another way states can use these funds: help local governments reduce or eliminate some

TweetShareSharePin0 Shares Corporations in the United States pay federal corporate income taxes levied at a 21 percent rate. Forty-four states and D.C. also levy taxes on corporate income, with top marginal rates ranging from 2.5 percent in North Carolina to 11.5 percent in New Jersey. Fifteen of the states levy graduated corporate income tax rates,