We work toward advancing progressive tax reforms that support broad-based economic growth, raise revenue, and require the wealthy to pay their fair share. Areas of focus include improving the taxation of income from wealth, reforming corporate taxation, and improving the design of tax expenditures.
We believe that public investment is a precondition to robust and inclusive growth. We advocate for U.S. budget policies that adequately invest in families and public goods such as climate, education, R&D, health care, and economic security—and for budget processes that facilitate sound fiscal policy.
We work to expand vital tax credits, such as the child tax credit and earned income tax credit, that combat poverty; help families meet basic needs; improve the health, well-being, and future prospects of children; and reduce racial disparities.
We seek to improve tax administration and enforcement and reverse years of Internal Revenue Service funding cuts. We are focused on ensuring that the IRS can hold wealthy and corporate tax dodgers accountable and provide quality service, including free tax filing, to ordinary, honest taxpayers.
While retirement savings incentives—and those recently proposed in the SECURE Act 2.0—favor the wealthy, reforms should prioritize the low- and middle-income taxpayers most at risk of financial insecurity in retirement.
Congress should enact a temporary tax on windfall profits from the oil and gas companies that are raking in record profits at a time of crisis-level energy prices.
Rising economic inequality has pushed down Social Security’s revenues, but there are a few possible avenues to generating more revenue in order to preserve Social Security.
Congress must act now to improve customer service and close the tax gap.
Expanded child tax credit payments have provided much-needed financial support to a wide range of families across income level, race/ethnicity, and education.
Funding for government agencies expires on March 11; rather than pass another stopgap bill, Congress must pass full-year appropriations that adequately support the nation’s priorities and needs.
President Joe Biden took office one year ago amid one of the worst economies in generations, but the U.S. economy has since made tremendous progress toward recovery, and workers are benefiting.
The Build Back Better Act’s corporate profits minimum tax would make important progress toward fixing a broken tax code and ensuring that the largest and most profitable corporations pay their fair share.
Treasury economists’ estimate that modernizing the IRS will net $400 billion in new revenue will not be reflected in official Congressional Budget Office scores of the bill, but the savings are real and could be even greater.
The federal safety net excludes Puerto Rican residents from normal benefits. The Build Back Better Act would change that in a major way