The Trump administration’s estate tax repeal proposal abandons promise of affordable child care and prioritizes tax cuts for wealthy heirs.
Footing the bill for Trump’s tax breaks for the top 1 percent would cost the bottom 99 percent of households an average of nearly $1,400 each.
Material financial stress at insurance giant AIG could still threaten U.S. financial stability.
Congress would be able to pass major parts of ACA repeal using the reconciliation instructions in the new Senate budget resolution.
The budget resolution could require real tax reform, or it could enable tax cuts for the wealthy that leave working families holding the bag.
In light of the Trump administration's and congressional Republicans' proposed massive tax cuts, this fact sheet explains how Congress should avoid various gimmicks to hide the true cost of tax cuts.
This fact sheet explains why repealing the tax on estates worth more than $5.5 million would only benefit the wealthiest 0.2 percent of Americans and leave crucial domestic programs unfunded.
In the wake of Hurricane Harvey and Hurricane Sandy, the recent budget proposal from the House majority threatens to eliminate funding for grants and programs essential to disaster recovery efforts.
U.S. Treasury Secretary Steven Mnuchin has failed to update the public on the Financial Stability Oversight Council’s investigation into the potential systemic risks posed by the hedge fund industry.
American families experienced improvements in income, poverty rates, and health insurance coverage in 2016—but proposals from President Trump and congressional Republicans set to be debated this fall threaten these gains.
In advance of next week’s release of annual census data on income, poverty, and health insurance, CAP analysis shows that if only three of President Trump’s budget cuts had taken effect in 2015, 2.3 million more Americans would have been poor.
Using the Current Policy Loophole to Hide Tax Cuts Is Dishonest Math—Just Ask Congressional Republicans
Prior statements from Republican congressional leaders debunk a budget gimmick they are now considering to hide tax cuts for the wealthy.
Pay-as-you-go rules could be used to combat congressional Republican attempts to cut taxes for the wealthy that add to the federal deficit and debt.
President Trump's and House Republicans' proposed "small-business" tax cut would create a new loophole for millionaires—including Wall Street financiers, lobbyists, lawyers, and wealthy business owners like Trump—while doing little or nothing for real small businesses.
American competitiveness would be better served by ensuring that U.S. corporations pay their fair share of taxes and investing those revenues in education, infrastructure, and other public investments that make America a desirable place to do business.