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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...


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

GOP Proposals Contradict Trump’s Promised Focus on Working Families

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
  • ...

New York Times Shows Expanded EITC Would Replace Pay Workers Have Lost

December 9, 2016

As the New York Times writes today, President-elect Trump argues that the federal government can raise the wages of low-income workers by cutting taxes for the wealthy and corporations, spending more on infrastructure, and renegotiating trade deals.  “...

Decades of Unequal Income Growth Left Many Workers Behind

Republican “Small Business” Tax Cuts Would Mostly Help Rich Individuals

December 6, 2016

Asked whether, under a tax reform plan that the incoming Republican majority plans to write, “the rich” will receive “the greatest part of the tax cuts,” House Speaker Paul Ryan suggested that the proposed tax cuts at the top are aimed mostly at small business.  “Most of that income is small business income,” he told CBS’ Scott Pelley in a “60 Minutes”...

Top 1 Percent Receives Most Pass-through Income

“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