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Posts on Federal Tax
March 21, 2017

In their updated health bill, House Republicans are doubling down on their plan to cut taxes for high-income households while cutting health insurance for mostly low- and moderate-income households —...

Eliminating Two Heath Reform Medicare Taxes Helps Only High-Income Filers
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
March 15, 2017

The White House and Republican congressional leaders seem conflicted about whether to praise or criticize the Congressional Budget Office’s (CBO) analysis of the House bill to repeal the Affordable Care Act (ACA). Bill proponents like House Speaker Paul Ryan and White House...

House GOP Health Plan: Cuts Assistance for Low- and Moderate-Income People; Cuts Taxes for the Wealthy and Medical Industries
March 10, 2017

President Trump has promised to replace the Affordable Care Act (ACA) with something that provides “good coverage at much less cost.” But the House Republican ACA repeal plan that two key committees passed this week violates that pledge for millions of Americans.

The House plan would give consumers in the health insurance marketplace nationally an average of...

Premium Tax Credits Would Fall Sharply Under House Republican Plan
March 6, 2017

House Ways and Means Chairman Kevin Brady recently defended a centerpiece of the House GOP and Trump campaign tax plans — a special, much lower rate for “pass-through” business income — by citing “Michael the local plumber” as the type of small business...

Most Pass-Through Filers Are Already Taxed At Lowest Individual Tax Rates
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
January 31, 2017

As we’ve documented, Republican plans to repeal the Affordable Care Act (ACA) without an immediate replacement, like the bill President Obama vetoed in 2016, would ...

With ACA Repeal, Top 400 Households Get Tax Cuts Worth More than Premium Tax Credits
January 26, 2017

Tomorrow is the 11th annual Earned Income Tax Credit (EITC) Awareness Day — a time to help eligible workers learn about and claim this federal tax credit that helps millions of low- and moderate-income working families make ends meet.

In 2015, the EITC...

Family of Three
January 23, 2017

“Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families,” President Trump said in his inaugural address. But, two major pieces of tax-related legislation at the top of the GOP agenda — Affordable Care Act (ACA) repeal and a broad package of tax cuts — fail to meet that standard.

ACA repeal. Not...
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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