A new study by a team of top economists finds that if the tax rate for the highest-income Americans was pegged at—drum roll please—83 percent—it wouldn’t impact anyone but the “mega-rich.”

Nick Hanauer is another multimillionaire who says its time to tax the rich. The venture capitalist, who has launched more than 20 companies and is an original investor in Amazon.com, says Republicans are completely wrong when they claim that raising taxes on the rich—the so-called job creators—would kill job growth because “Rich people like me don’t create jobs, middle-class consumers do.”

Some of those in the 1 percent are stepping forward to express their support for the 99 percent, agreeing with Occupy Wall Street protesters that the nation’s financial system is seriously harming our economy. The latest to indicate their support for the 99 percent are the financially savvy members of the Forum for Sustainable and Responsible Investment, who are calling for greater corporate transparency, restraint of excessive payouts to executives and support for the federal Consumer Financial Protection Bureau. The consumer bureau does not yet have a director because Senate Republicans have blocked a vote on the nomination of Richard Cordray to lead the agency.

This is a cross-post by Kenneth Quinnell from Crooks & Liars.

Citizens for Tax Justice released a report Tuesday that shows anti-union telecom company Verizon not only paid no taxes in the past three years, the company received nearly $1 billion in rebates from the government.

To paraphrase that classic Wendy’s hamburger ad, when it comes to the Republicans’ so-called jobs plan, “Where’s the Jobs?

Rep. Eric Cantor (R-Va.) supposedly wants to talk about the nation’s inequality—but not to just anyone. Cantor, at the last minute, canceled an appearance this afternoon at the University of Pennsylvania, where he was slated to speak. Curiously enough, Occupy Philadelphia had organized a march from City Hall to the campus to protest Cantor’s speech. But Cantor’s not giving a reason for the cancellation.

House Speaker John Boehner (R-Ohio) blusters about not passing the American Jobs Act because he and other Republicans don’t want to raise taxes. But the Jobs Act would only raise taxes on the very richest of the rich—and that’s what he and other corporate puppets don’t want.

This is a crosspost by Pat Garofalo at Think Progress.

When President Obama released his plan for “the Buffett rule,” which involves closing tax loopholes and ensuring that millionaires pay their fair share in taxes, he explained that “middle-class families shouldn’t be paying higher taxes than millionaires and billionaires.” “Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett,” he said.

We launched a fun but serious action today with our partners in the progressive community to call on House Speaker John Boehner (R) to move the American Jobs Act and stop stalling while millions of America’s workers suffer without jobs.

A long time ago, in a historical America, lawmakers determined a progressive tax code to be the fairest and most logical for all.

The legislators asked more of those who had benefited most from the advantages America provides. They asked less of those who benefited least.