One Day of Warren Buffett Wealth Gains Could Cover Rail Workers’ Paid Sick Leave

Billionaire Warren Buffett, one of the wealthiest men in the world and the CEO of BNSF Railway’s parent company, saw his wealth jump by nearly $1.4 billion in a single day earlier this week, a sum that could easily fund 15 days of paid sick leave for every rail worker in the United States. BNSF is one of the major railroad giants refusing to budge in contract negotiations with rail unions as they fight for 15 days of paid sick leave. Under a White House-brokered contract that major rail unions have recently voted to reject, rail workers would not receive…

Sanders Tells Warren Buffett to Treat Rail Workers Better and Avert Strike

As a strike by tens of thousands of railroad workers looms, Sen. Bernie Sanders (I-Vermont) is calling on multibillionaire and owner of a parent company involved, Warren Buffett, to listen to workers’ demands and intervene to avert the strike. Rail workers have been pleading with major freight companies to agree to give workers basic benefits; one of the biggest sticking points, workers say, is that many of them can’t take sick or emergency days, whether paid or unpaid, without racking up points that could lead to their termination. Workers say they’re also expected to be on call 24/7, which exacerbates…

Billionaires Avoid Taxes on an Epic Scale. Here’s How.

This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Last June, drawing on the largest trove of confidential American tax data that’s ever been obtained, ProPublica launched a series of stories documenting the key ways the ultrawealthy avoid taxes, strategies that are largely unavailable to most taxpayers. To mark the first anniversary of the launch, we decided to assemble a quick summary of the techniques — all of which can generate tax savings on a massive scale — revealed…

26 of America’s Richest Billionaires Paid 4.8 Percent Tax Rate in Recent Years

A new analysis of leaked Internal Revenue Service (IRS) documents shows that some of the U.S.’s wealthiest people have paid a disproportionately low federal income tax rate in recent years. In an analysis released Thursday, Americans for Tax Fairness found that, in relation to their wealth, 26 of the nation’s richest billionaires paid an average effective federal income tax rate of just 4.8 percent between 2013 and 2018. Collectively, they paid just $24 billion in taxes — a miniscule amount compared to an immense growth of $500 billion in their wealth over those six years. The report demonstrates the vast…

Sanders Pushes Workers to Organize as Advocates Celebrate “Year of the Worker”

As labor advocates hail 2021 as the “year of the worker,” Sen. Bernie Sanders (I-Vermont) is encouraging workers to maintain the momentum by using their collective leverage to organize. On Wednesday, Sanders issued a warning to corporations and executives on Twitter. “For the ruling class, greed is a religion. They will cut back on workers’ wages, on workers’ benefits, on workers’ safety on the job — all for the sake of having more, more, more,” he wrote. “I’ve got news for the ruling class: you cannot have it all. The working class is fighting back.” Sanders’s statements come at the…