Director of Federal Tax Policy
“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.
Similarly, the “Better Way” tax plan that House Speaker Paul Ryan and other House GOP leaders outlined last year would deliver tax cuts averaging $302,000 apiece to people with incomes over $1 million in 2025, raising their after-tax incomes by more than 11 percent, TPC finds. By contrast, the bottom 80 percent of Americans wouldn’t see their after-tax incomes rise or fall by more than one-half of 1 percent, on average.
In short, these plans aren’t designed to benefit working families. In fact, they embody skewed priorities that ignore working families and focus strictly on cutting taxes at the top.