off the charts

You are here

“Better Way” Plan Shows GOP Tax Priorities Emphasize the Wealthy

December 5, 2016

House Speaker Paul Ryan says he can’t yet provide details on how a Republican tax-cut bill would affect middle-class and wealthy households.  When, in a CBS “60 Minutes” interview last night, Scott Pelley asked about the dollar amount of the middle-class tax cut, Ryan replied:  “When I have a bill...

Overwhelming Share of House Republican Tax Cuts Goes to Top 1%

Treasury Nominee’s Claims at Odds With Trump Tax Plan

November 30, 2016

Steven Mnuchin, President-elect Trump’s nominee for Treasury Secretary, said today of Trump’s coming tax cut proposal, “Any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class.”  But his assertion, on CNBC this morning, is completely at odds with the tax plan that Trump announced during the campaign, which...

Largest Gain in After-Tax Income Under Trump Plan Goes to Top Earners

Census Figures Underscore Need to Help Poorest Age Group: Young Children

September 14, 2016

Some 17.3 percent of children under age 6 were poor last year, our analysis of Census data released yesterday shows — notably higher than older children or adults (see chart).  (Our figures are based on the Supplemental Poverty Measure, which counts both cash and non-cash government benefits.)  That the nation’s poorest people are babies, toddlers, and kindergarteners shouldn’t be acceptable...

Poverty Rate Highest For the Youngest Children

Expanding the EITC Would Help Workers in Every State

September 7, 2016

The Earned Income Tax Credit rewards the work of low- and moderate-income working families across the country. Bipartisan proposals to expand the EITC for low-wage workers who aren’t raising children in the home would extend its success to workers doing a wide range of jobs in every state.

Factory Worker With Clipboard

At Labor Day, Let the EITC Help All Low-Wage Workers

September 1, 2016

Bipartisan proposals to expand the Earned Income Tax Credit (EITC) for low-wage workers who aren’t raising children in the home would extend the EITC’s success to such workers in every state.

Construction Worker

What to Look for in House GOP Tax Plan

June 23, 2016

When Speaker Paul Ryan releases the House GOP tax plan tomorrow, a key question is whether it’s closer to the plan from presumptive GOP presidential nominee Donald Trump or to a very different one from then-Ways and Means Chairman Dave Camp in 2014, the last time the House GOP presented a comprehensive tax reform plan. 

The answer will offer an early indication of possible GOP tax...

Tax Plans' Revenue Impact in First Decade

The House GOP and the IRS

June 9, 2016

House Republicans have targeted the IRS for deep cuts since 2010, to the detriment of honest taxpayers and the benefit of tax cheats. This week, the House Appropriations Committee can reverse course by restoring much-needed IRS funding and rejecting its subcommittee’s...


The Tax Loophole of 2016: Like-Kind Exchange

May 18, 2016

Donald Trump’s real estate background is shining a much-needed spotlight on a major tax loophole that policymakers should close — “like-kind exchange.”  ...

tax form

A Must-Read on Corporate Tax Reform

May 16, 2016

A new report by Reed College’s Kimberly A. Clausing for the Washington Center for Equitable Growth is a must-read for tax policymakers, who regularly hear from corporate lobbyists that they should eliminate taxes on foreign profits for the sake of U.S. multinationals’ “competitiveness” — which...

From Washington Center for Equitable Growth: Profit shifting and U.S. corporate tax policy reform

Three Steps to Help Close the Tax Gap

May 3, 2016

Americans paid about 82 percent of the federal taxes they owed for tax years 2008-2010 voluntarily and on time, according to new IRS data.  Including enforcement and late payments, that number rises to 84 percent.  But this means that the government didn’t collect an annual average of about...

IRS Has Cut Enforcement Staff by 23 Percent Since 2010