In December, Congress enacted a major tax bill that will add $1.5 trillion to federal deficits over the next decade while primarily benefiting corporations and wealthy individuals. The tax bill is part of the Trump administration’s broader economic agenda, which prioritizes tax cuts for wealthy corporations, millionaires, and billionaires over investment in our economy and communities—including the critical priority of maintaining and modernizing our infrastructure. More than a year into the Trump presidency, his administration has failed to produce an infrastructure plan while proposing deep cuts to core programs that fund roads, bridges, public transportation, rail, and other vital infrastructure. The recent tax bill will also exacerbate budget challenges at the state and municipal level while raising taxes on millions of working families. The administration and Congressional majority’s agenda of prioritizing tax cuts for corporations and millionaires at the expense of middle-class and working families and investments in our communities will have major ramifications for America’s cities.
Please join the Center for American Progress, Not One Penny, and leading mayors from around the country to discuss the impact of the recent tax legislation and the administration’s infrastructure proposals on America’s cities.