The Trump administration’s tax policies have overwhelmingly favored the wealthy.
Congress should close—not expand—capital gains loopholes and tax income from wealth the same as income from work.
Making Washington, D.C., a state would end more than 200 years of disenfranchisement for the Americans who call it home.
New reports illustrate the toll that IRS budget cuts have taken on tax enforcement.
Corporate and payroll tax cuts are exceptionally poor solutions to the crisis at hand.
Congress should put hundreds of thousands of Americans back to work by extending the renewable energy tax credits and making them refundable for hard-hit companies that can’t take advantage of them during the coronavirus-fueled economic downturn.
Assisting business liquidity is a crucial part of the policy response to today’s economic crisis. While some business tax measures can be helpful, policymakers must ensure that such measures are well-targeted, temporary, and effective, setting the stage for strengthening the corporate tax in the years ahead.
Weakened tax enforcement rigs the economy against workers and honest taxpayers.
The rumored elements of the Trump administration’s Tax Cuts 2.0 plan are skewed to people with higher incomes, just like the 2017 tax law.
Certain reforms to international corporate tax policy would raise revenue, reduce profit shifting, and discourage the offshoring of economic activity.
In order to increase tax fairness for workers, the federal government should immediately restore the tax deduction for union dues and make it available for all workers who support their unions, not just those who itemize.
The massive corporate tax cut is costing more than expected and not trickling down to workers.
Restoring an unlimited deduction would be extremely costly and mainly benefit the wealthy.
The tax law is draining revenue—and has little to show for it.
The U.S. tax system has played a significant role in the growth of economic inequality by failing to tax those with extreme wealth—but there are ways to rebalance the tax code and put the economy on a better track.