Commentary: Senate Tax Bill Revisions Make Its Fundamental Tradeoffs — Big Tax Cuts for the Top, Little Gain for Low- and Moderate-Income Families — Even Harsher
End Notes
[1] Joint Committee on Taxation, Description of The Chairman’s Modification to the Chairman’s Mark of the ‘Tax Cuts And Jobs Act,’” November 14, 2017, https://www.finance.senate.gov/imo/media/doc/11.14.17%20Chairman's%20Modified%20Mark.pdf.
[2] Joint Committee on Taxation, “Description of The Chairman’s Mark of the ‘Tax Cuts And Jobs Act,’” November 9, 2017, https://www.finance.senate.gov/imo/media/doc/11.9.17%20Chairman's%20Mark.pdf.
[3] Aviva Aron-Dine, “Senate Tax Bill Would Add 13 Million to Uninsured to Pay for Tax Cuts of Nearly $100,000 Per Year for the Top 0.1 Percent,” Center on Budget and Policy Priorities, November 15, 2017, https://www.cbpp.org/blog/senate-tax-bill-would-add-13-million-to-uninsured-to-pay-for-tax-cuts-of-nearly-100000-per-year.
[4] Sharon Parrott, “Senate Tax Bill Has Same Basic Flaws as House Bill,” Center on Budget and Policy Priorities, November 14, 2017, https://www.cbpp.org/research/federal-tax/senate-tax-bill-has-same-basic-flaws-as-house-bill.
[5] Aron-Dine.
[6] Phil Mattingly, “McConnell on the rationale for adding the individual mandate repeal to the tax plan, from the WSJ CEO Council event (via the great @ColinCNN),” Twitter, November 14, 2017, https://twitter.com/Phil_Mattingly/status/930539733947645953.
[7] Tax Policy Center table T17-0015.
[8] David Kamin, “Trade-Offs Made Clear in the Senate Bill,” Medium, November 15, 2017, https://medium.com/whatever-source-derived/trade-offs-made-real-in-the-senate-bill-b5176fff01aa.
[9] Sharon Parrott, “Congress Moves Toward Costly Tax Cuts, Setting Stage for Deep Budget Cuts,” Center on Budget and Policy Priorities, October 26, 2017, https://www.cbpp.org/blog/congress-moves-toward-costly-tax-cuts-setting-stage-for-deep-budget-cuts.
[10] Chuck Marr, “New Senate Child Credit Proposal Still Doesn’t Prioritize Families That Most Need It,” Center on Budget and Policy Priorities, November 15, 2017, https://www.cbpp.org/blog/new-senate-child-credit-proposal-still-doesnt-prioritize-families-that-most-need-it.