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Category: Taxes

Catholic agencies say Inflation Reduction Act addresses long-standing goals

Landmark legislation to address climate change, reduce prescription drug costs and establish a minimum tax on large corporations once thought dead but was suddenly passed by the Senate is being hailed by Catholic advocates.

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Despite reducing poverty, expanded child tax credit’s future is uncertain

A few weeks before Christmas, Jessica Moreno and her three kids were able to move from her parents’ home in Wood Dale, Illinois, outside of Chicago, to their own apartment a few blocks away.

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Better taxation, wealth redistribution are necessary, Vatican official says

The increasing and extreme economic inequality in the world is rooted in an ideology of individualism in which investments and prosperity are aimed only at driving profit not helping the common good, said Archbishop Paul R. Gallagher, Vatican foreign minister.

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