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Posts by Chye-Ching Huang

New Trump Executive Action Could Make It Easier for Profitable Corporations to Avoid U.S. Taxes

April 21, 2017

During his presidential campaign, Donald Trump railed against corporate “inversions,” through which U.S.-based firms move their headquarters overseas to avoid paying U.S. taxes — while continuing to benefit from American customers, employees, and infrastructure. Referring to one high-profile inversion, President Trump...

Dollar and Columns

GOP So Far Failing to Keep Three “Tax Reform” Promises

March 28, 2017

President Trump and House Speaker Paul Ryan have both signaled that tax reform is their next top legislative priority. Any tax bill should keep three promises that they and other key Republican leaders have made:

(1) No absolute tax cuts for the “upper class.” ...

Form 1040

Three Resources Highlight House GOP Health Plan’s Big Tax Cuts for the Rich

March 20, 2017

The House GOP health plan would repeal, starting in 2018, two Medicare taxes in the Affordable Care Act (ACA) that fall only on high-income filers: the additional Hospital Insurance payroll tax on high earners and the Medicare tax on unearned income. These tax cuts together would cost $275 billion over ten years, according to the Joint Committee on Taxation, and they’re raising increased...

Millionaires Would Get 79% of Tax Cut From Ending Health Reform's Two Medicare Taxes

Trump Child Care Policies Could Hurt, Not Help, Working families

March 3, 2017

While President Trump has repeatedly pledged to make child care more affordable, the child care proposal from his campaign wouldn’t do much to help the families who likely need it most, according to a new...

Trump Child Care Proposals A Small Element of A Massive, Top-Tilted Tax Plan

ACA Repeal Would Embolden Tax Avoidance

January 23, 2017

We’ve explained that repealing the Affordable Care Act (ACA) would dramatically undermine health coverage (with 32 million more people uninsured by 2026) while delivering windfall tax cuts to high-income people (averaging...

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ACA Repeal’s Tax Cut to the Very Top Colliding with “Mnuchin Test”

January 13, 2017

Republican plans to repeal the Affordable Care Act (ACA), which will deliver billions in tax cuts to the nation’s highest-income households, won’t meet the test outlined by President-elect Trump’s Treasury nominee, Steven Mnuchin — that we won’t see an “absolute tax cut for the upper class.”

Mr....

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Kansas Offers Cautionary Tale for Federal Tax-Cut Plan

December 9, 2016

Tax-cut advocate Arthur Laffer tells the Financial Times that tax cuts like President-elect Trump’s plan, which would overwhelmingly benefit the wealthiest Americans, would...

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Reports Bolster Calls to Expand EITC for Childless Workers

September 6, 2016

As we’ve noted, expanding the Earned Income Tax Credit (EITC) for workers who aren’t raising children in the home would boost labor force participation, reduce poverty, and ensure that the benefits of economic growth are shared more broadly — especially if...

Man Working on Bicycle

Working-Family Tax Credits Lift Millions Out of Poverty

September 16, 2015

The Earned Income Tax Credit (EITC) and low-income portion of the Child Tax Credit (CTC) together lifted about 10 million Americans out of poverty in 2014, new Census data show — including more than 5 million children, more than any other federal program does.  These figures use Census’ Supplemental Poverty Measure (SPM), which counts taxes and non-cash benefits as well as cash income. ...

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Money-Losing Tax Holiday Can’t Pay for Highways

June 23, 2015

A House subcommittee hearing tomorrow will explore tapping U.S. multinational corporations’ roughly $2 trillion stockpile of foreign earnings, which have never faced U.S. tax, to help pay for infrastructure investments.  ...

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