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Policy Basics

The 2017 tax law is fundamentally flawed: it will cost about $1.9 trillion over the next decade and deliver windfall gains to wealthy households and profitable corporations.

Policymakers should consider ways to reverse the damage and craft meaningful tax reform that eliminates various loopholes, shelters, and gaming opportunities, raises much-needed revenue, and is more favorable to households with low or modest incomes.

Bills Aim to Curb Opportunity Zone Abuses

Companion bills from Senate Finance Committee Ranking Member Ron Wyden and House Majority Whip James Clyburn would impose significant, and welcome, new guardrails on investments in “opportunity...