Congress is considering one of the most sweeping “tax reform” proposals in recent memory. Under the plan, giant corporations would get large tax breaks, while the vast majority of Americans would get little to nothing, and many middle-class families would see their taxes rise in the coming years. Worse, by exploding the national debt, the plan would give ideologues an excuse to slash investments in areas such as infrastructure, education, and workforce development, as well as in critical programs such as Medicare and Medicaid.
All Americans would suffer, but the strain on communities of color would be enormous. Still suffering the fallout of the 2008 global financial and housing crisis, the long-term decline of manufacturing jobs, and the sharp curtailment of public spending since 2011, America’s communities of color do not need to see the ladder to the middle class pulled farther out of reach. But massive tax cuts almost exclusively benefit CEOs and the largest political donors, while concentrating economic power in the hands of a smaller and smaller number of individuals.
Please join the Center for American Progress, Marc Morial, President and CEO of the National Urban League, and an expert panel on the impact of current tax reform proposals within America’s communities of color.
Neera Tanden, President and CEO, Center for American Progress
Marc Morial, President and CEO, National Urban League
Samantha Vargas Poppe, Associate Director, Policy Analysis Center, ORAL, UnidosUS
Jeremie Greer, Vice President, Policy & Research, Prosperity Now
George Lambert, President and CEO, The Greater Washington Urban League
Emily Gee, Health Economist, Center for American Progress
Seth Hanlon, Senior Fellow, Center for American Progress