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Corporate Tax Cuts Could Hurt — Not Help — Workers

July 20, 2017

“[The President] is convinced the corporate rate is the only thing that really matters,” a senior Administration official told reporters about President Trump’s push to deeply cut the corporate tax rate as part of a tax plan.  The Administration claims that most of the benefits would flow...

Cutting Corporate Tax Rates Mostly Benefits Those at the Top

Decoding “Deficit Neutral” Tax Bill: Low-Income Program Cuts Pay for Tax Cuts for Wealthy

June 15, 2017

As Republicans craft their tax package, with tax cuts that would go overwhelmingly to the wealthy, and consider how they might offset its large cost, a debate has ensued in Republican circles over whether it should be “revenue neutral” or “deficit neutral.” Behind this jargon lies a policy choice with huge consequences for low- and moderate-income families.

“Revenue neutral” means...

Budget Process - Money Puzzle Pieces

Trump Plan: $2.5 Trillion in Program Cuts for Low- and Moderate-Income People; $2.5 Trillion on Two Tax Cuts for Corporations and Wealthy Heirs

June 1, 2017

President Trump said he was not elected to serve special interests, but instead, “the forgotten men and women of our country, and that’s what I’m doing.” His budget paints a starkly different picture, however, because it would shift trillions of dollars...

Trump Budget: Tax Cuts for Heirs and Corporations, Cuts to Low- and Moderate-Income Programs

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