off the charts
POLICY INSIGHT
BEYOND THE NUMBERS

You are here

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%

Trump Budget Should Be Dead on Arrival — But May Not Be

May 25, 2017

Members of Congress of both parties declared President Trump’s new budget “dead on arrival,” news reports say (see here and here). It certainly...

Trump Budget and Prior House GOP Budgets Share Same Architecture

Trump’s $2 Trillion Choice: Cut Health Coverage and Care for Millions; Cut Taxes for Wealthy

May 24, 2017

We’ve explained that President Trump’s 2018 budget is the most radical, Robin-Hood-in-reverse budget that any modern President has ever proposed, and here’s a perfect illustration: it...

Trump Budget: Pass-Through Tax Break for Wealthy, Cuts to Health Coverge

Trump’s Pass-Through Proposal: New Figures on High-End Tax Cuts

May 15, 2017

Millionaires would get average tax cuts of $114,000 in 2018 from a plan — very similar to what President Trump has proposed — to let the owners of “pass-through” such as partnerships, S corporations, and sole proprietorships pay only a maximum 15 percent rate on their business income, according to...

Trump-Like Pass-Through Rate Cut Favors Millionaires

Will New Trump Tax Plan Reflect GOP’s Own Stated Principles?

April 25, 2017

Will the tax plan that the Trump Administration will reportedly release this week meet three principles that key Republicans, including the President and other top Administration officials, have advanced: not reducing overall revenues, not cutting taxes for the wealthy, and focusing its benefits on...

mnuchin-infocus-02_infocus.png

Tax Day 2017: Top Federal Tax Charts

April 11, 2017

With Tax Day approaching, it’s a good time to examine our federal tax system and proposals to reform it.

Republicans have placed tax reform at the top of their legislative agenda. As our first chart shows, their proposals will likely be consistent with their ...

As with Repealing Affordable Care Act Taxes, Trump and "Better Way" Tax Plans Prioritize Tax Cuts for Millionaires

“Michael the Plumber” No Poster Child for “Pass-Through” Tax Cut

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

Mnuchin Rule Should Apply to ACA Repeal

March 3, 2017

While promising again that President Trump’s tax cut will focus on “middle-income” Americans and high-income Americans won’t get an overall tax cut, Treasury Secretary Steven Mnuchin now says that rule shouldn’t apply to the tax cuts that the wealthiest Americans will receive if policymakers repeal the Affordable Care Act (ACA). But his rule should apply to all major tax changes,...

1040 and Schedule A

Pages