ADVISORY: What a Bad Tax Deal Means for Communities of Color
Washington, D.C. — The U.S. Congress is considering one of the most sweeping tax proposals in recent memory. Under the House and Senate plans, 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. And while all Americans would suffer, the strain on communities of color would be enormous. On Wednesday, November 29, the Center for American Progress will host 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.
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. 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.
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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
Seth Hanlon, Senior Fellow, Center for American Progress
Wednesday, November 29 at 9:30 a.m. ET
Center for American Progress
1333 H Street, NW
Washington, DC 20005
For more information or to speak with an expert, contact Allison Preiss at email@example.com or 202.478.6331.