Growing inequality in the United States—exacerbated under the Trump administration's tax cuts for the wealthy—can be reduced through tax reforms that aim to close the wealth gap.
President Trump’s tax bill did not reform the tax code, has not benefited American workers, and increased the deficit by $1.9 trillion.
This table presents a state-by-state comparison of TCJA tax cuts for the top 1 percent and SNAP spending.
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.
The president's budget pays for his tax cuts for the wealthy and corporations by slashing health care, education, and other critical investments.
The Final Tax Bill Is a Bigger Win for Foreign Investors Than the Entire Working and Middle Class in Trump States
In 2019, foreign investors would bring home $5 billion more from the tax bill than every working- and middle-class family in states that voted for President Trump, combined.
Using a current policy baseline means that the cost of temporary tax cuts must be taken into account in the Senate tax bill.
This week, Michele and Igor sit down with Helaine Olen, author and contributor to the Washington Post's Plumline blog, to discuss the congressional GOP tax bill.
Foreign investors would gain a larger benefit from the congressional tax plans in 2019 than working- and middle-class families in every state that voted for President Donald Trump, combined.
On average, about 29,800 fewer people in each congressional district would have coverage by 2025.
The Senate tax bill squeezes the middle class, wastes America’s fiscal resources, set up fiscal cliffs, cut off federal revenues needed to support economic and national security priorities, and further concentrates economic and political power.
Millions of Working- and Middle-Class Americans Would See a Tax Increase Under the Senate GOP Tax Plan
State data estimate how many Americans will be hurt under the Senate tax plan by 2027.
We went to Indiana to ask a Carrier worker—who has seen his company slash jobs despite receiving a $7 million tax break on top of $57 billion in profits in 2016—whether corporate tax cuts help American workers.
Under congressional Republican leadership’s unified framework tax plan, some families with expensive medical bills would see tax hikes.
The effort by President Trump and congressional Republican leaders to push through huge tax cuts looks and sounds a lot like the colossal failure of the 2012 Kansas state tax cuts.