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Rubio-Lee Child Credit Proposal Should Be in Final Tax Bill

December 6, 2017

During debate on the Senate tax bill, Senators Marco Rubio and Mike Lee offered an amendment to improve the bill’s Child Tax Credit (CTC) for millions of low-income working families, paid for by cutting the corporate tax rate — currently 35 percent — to 20.9 percent rather than 20 percent....

Mother and Child Outside

Will House-Senate Conference Tilt Tax Bill Even More Against Working Families?

December 5, 2017

Low- and moderate-income working families are largely an afterthought in the House- and Senate-passed tax bills, which are heavily tilted to wealthy households and profitable corporations and add significantly to budget deficits. Addressing these fundamental flaws would effectively require the House-Senate conference committee that will iron out differences between the bills to start over and...

JCT and CBO: Senate Tax Bill Cuts Spending, Raises Taxes for Lower-Income Households to Help Pay for Tax Cuts

Senate GOP Tax Plan Raises Taxes on Middle and Lower Income, Adds Millions to Uninsured, to Pay for Corporate Tax Cut

November 20, 2017

Senate Republican leaders are rushing to pass a tax bill that will ultimately raise taxes on many middle- and lower-income households and leave 13 million more people uninsured, to pay for permanent tax cuts for profitable corporations — the opposite of their claim that the bill will “...

Dollar Bill Puzzle Pieces

New Senate Child Credit Proposal Still Doesn’t Prioritize Families That Most Need It

November 15, 2017

In revising the Senate Republican tax plan’s expansion of the Child Tax Credit (CTC), Senate Finance Committee Chairman Orrin Hatch raised its cost by about $13 billion (or 22 percent) per year but did nothing for the millions of low- and moderate-income working families that would get only token help under the prior proposal.

Under the revised proposal, a single mother with two...

New Senate Child Credit Proposal Still Doesn't Prioritize Families That Most Need It

Senate Tax Bill Limits Child Tax Credit Expansion for Low-Income Children, Extends Credit to Wealthy Households

November 10, 2017

Millions of children whose parents work for low wages would receive a severely limited increase or none at all. 

In Focus: Low-Income Working Families Get Little From Senate Tax Bill's Child Tax Credit Increase

House GOP’s Child Tax Credit Expansion Excludes Millions of Children in Lower-Income Working Families

November 4, 2017

The proposal excludes millions of children whose parents work in low-wage jobs, even as it expands eligibility for higher-income families.

In Focus: Millions of Working Families Are Excluded From GOP Plan's Child Tax Credit Expansion

Cohn’s Faulty Excuse for Opposing Child Tax Credit Boost for Poor Working Families

October 12, 2017

The Republican tax framework raises the Child Tax Credit (CTC) but the increase is non-refundable, meaning only families with high enough incomes to owe federal income taxes would benefit — leaving out millions of low-income working families with children. Justifying the proposal,...

Happy family

Despite President’s Promise, Emerging Details Point to Large Tax Cut for Wealthiest

September 26, 2017

Emerging details of the “Big Six” Republican tax framework contradict President Trump’s September 13 promise that wealthy people “will not be gaining at all with...

Special 25% Top Rate for Pass-Through Income Mostly Benefits Millionaires

Unpaid-for Tax Cuts for Wealthy Even Less Defensible Now Than in Bush Era

September 13, 2017

Senate Budget Committee Republicans drafting a 2018 budget resolution are reportedly considering letting the Senate use the fast-track “reconciliation” process to pass a tax bill that loses revenue and increases deficits. That would mark a major break with promises from...

Fiscal Path Very Different Today Than When Bush Tax Cut Enacted

House GOP Budget Prioritizes Wealthy and Corporations for Tax Bill

July 25, 2017

The Republican budget resolution that the House Budget Committee approved would launch a fast-track “reconciliation” process to enact a tax bill without any Democratic votes, and all indications are that the GOP’s tax bill would focus its benefits overwhelmingly on the wealthy and multinational corporations. Although the resolution can’t dictate policy details to the tax-writing House Ways and...

Overwhelming Share of House "Better Way" Tax Cuts Goes to Top 1%