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Trump Tax Plan’s Hollow Promises of “Trickle-Down” Growth

April 28, 2017

President Trump’s tax plan contains large, specific tax cuts for the wealthy and corporations but few tangible proposals for working families; it’s even missing many details needed to assess whether the plan would raise their taxes. Administration...

Cutting Corporate Tax Rates Mostly Benefits Those at the Top

Revised Trump Tax Plan Not Revised Enough

April 27, 2017

President Trump’s new tax plan gave him a chance to start over and address the problems in his campaign’s tax plans. Instead, the new plan doubles down on core elements of his last plan (and his initial plan before that), which fell well short of meeting the...

Trump Campaign Tax Plan Gives Big Tax Cut to the Top

Roundup: Key Resources for Trump Tax Announcement

April 25, 2017

President Trump’s tax policy announcement slated for tomorrow reportedly includes a 15 percent rate for so-called “pass-through” business income, a 15 percent corporate tax rate, and child care tax subsidies similar to what he proposed during the campaign. Here are some key...

Actual U.S. Corporate Tax Rates Far Lower than Statutory Rate, In Line With Comparable Countries

New Trump Executive Action Could Make It Easier for Profitable Corporations to Avoid U.S. Taxes

April 21, 2017

During his presidential campaign, Donald Trump railed against corporate “inversions,” through which U.S.-based firms move their headquarters overseas to avoid paying U.S. taxes — while continuing to benefit from American customers, employees, and infrastructure. Referring to one high-profile inversion, President Trump...

Dollar and Columns

GOP So Far Failing to Keep Three “Tax Reform” Promises

March 28, 2017

President Trump and House Speaker Paul Ryan have both signaled that tax reform is their next top legislative priority. Any tax bill should keep three promises that they and other key Republican leaders have made:

(1) No absolute tax cuts for the “upper class.” ...

Form 1040

Three Resources Highlight House GOP Health Plan’s Big Tax Cuts for the Rich

March 20, 2017

The House GOP health plan would repeal, starting in 2018, two Medicare taxes in the Affordable Care Act (ACA) that fall only on high-income filers: the additional Hospital Insurance payroll tax on high earners and the Medicare tax on unearned income. These tax cuts together would cost $275 billion over ten years, according to the Joint Committee on Taxation, and they’re raising increased...

Millionaires Would Get 79% of Tax Cut From Ending Health Reform's Two Medicare Taxes

Trump Child Care Policies Could Hurt, Not Help, Working families

March 3, 2017

While President Trump has repeatedly pledged to make child care more affordable, the child care proposal from his campaign wouldn’t do much to help the families who likely need it most, according to a new...

Trump Child Care Proposals A Small Element of A Massive, Top-Tilted Tax Plan

ACA Repeal Would Embolden Tax Avoidance

January 23, 2017

We’ve explained that repealing the Affordable Care Act (ACA) would dramatically undermine health coverage (with 32 million more people uninsured by 2026) while delivering windfall tax cuts to high-income people (averaging...

quarter on graph

ACA Repeal’s Tax Cut to the Very Top Colliding with “Mnuchin Test”

January 13, 2017

Republican plans to repeal the Affordable Care Act (ACA), which will deliver billions in tax cuts to the nation’s highest-income households, won’t meet the test outlined by President-elect Trump’s Treasury nominee, Steven Mnuchin — that we won’t see an “absolute tax cut for the upper class.”



Kansas Offers Cautionary Tale for Federal Tax-Cut Plan

December 9, 2016

Tax-cut advocate Arthur Laffer tells the Financial Times that tax cuts like President-elect Trump’s plan, which would overwhelmingly benefit the wealthiest Americans, would...