The House plan for a second round of top-heavy tax cuts stack the deck even further against working families.
The new House tax bill would add more than $3 trillion to deficits over the second 10 years.
The Trump administration’s plan to allow capital holders to index their assets to inflation is the latest attempt to benefit the wealthy as it takes steps to cut workers’ pay and retirement savings.
The tax law enacted in December 2017 opened the door to a whole new level of tax-avoidance games primarily available to wealthy individuals and businesses and big corporations.
Because teachers’ compensation should reflect the importance of their work, CAP proposes a $10,000 federal Teacher Tax Credit that would increase pay for eligible teachers in high-poverty schools.
New Federal Reserve data show that 2017 tax cuts benefited shareholders but did not boost investment.
Permanently extending provisions of the 2017 tax law would give more wasteful tax cuts to high-income Americans and cause lasting fiscal damage.
This table presents a state-by-state comparison of TCJA tax cuts for the top 1 percent and SNAP spending.
Despite claims that the recently passed tax cut bill will lead to a reduction in deficits and debt, CBO projections indicate that the opposite will be true.
In addition to worsening economic downturns, this amendment would increase the chances that congressional dysfunction could cause the United States to default on its obligations and plunge world financial markets into crisis.
Cuts to programs that provide children with health care, nutritious food, and stable housing will compromise their development during a critically important time.
Congress provided money to states to improve election security. Here’s how they should spend it.
Congressional leadership and President Donald Trump promised tax reform that would make the tax code simpler and fairer, would create more jobs, and would not protect the wealthy and well-connected. But the tax law they passed will do just the opposite.
President Trump has proposed an unnecessarily large increase in the defense budget that will actually weaken national security.
Trump’s budget is an unmitigated disaster for everyday Americans—including women, people with disabilities, LGBTQ individuals, communities of color, and more.