The Tax Act creates additional incentives to shift income offshore for purposes of tax avoidance, and what is worse, it creates incentives to shift actual jobs.
Features
Posted inMoney, Politics, and Power
What Else Could We Do with $1.9 Trillion?
If we spent that money on infrastructure rather than tax cuts for the rich, we would get better economic performance and more good jobs.
Posted inMoney, Politics, and Power
The Koch Brothers’ Best Investment
How a $40 million political outlay yields a $500 million tax cut.
Posted inMoney, Politics, and Power
Accelerating the Death of Real Jobs
The Tax Act adds insidious new incentives to turn more jobs into casual contract work.
Posted inMoney, Politics, and Power
Penalizing Marriage for the Poor
Incredibly, the Tax Act actually punishes low-income people for getting married.
Posted inMoney, Politics, and Power
The Two Biggest Lies in Donald Trump’s Tax Plan
The tax plan was always going to be a huge giveaway to corporations. And the individual tax cuts were always heavily tilted to the top.
Posted inMoney, Politics, and Power
Worsening Inequality
The Tax Act worsens inequality both in the tax changes and in the program cuts used to address the resulting deficit.
Posted inMoney, Politics, and Power
Denying the Child Tax Credit to Undocumented Children
A little-noticed provision in the Republican tax reform will strip billions in tax benefits from an estimated one million mostly low-income undocumented children residing in the United States.
Posted inMoney, Politics, and Power
How the Tax Cut Sacks Puerto Rico
For the Puerto Rican economy, already bleeding jobs and citizens after a decade-long recession compounded by Hurricane Maria, the Republican tax overhaul was one more blow.
Posted inMoney, Politics, and Power
The Tax Act That Lost Its Name
The Senate parliamentarian scotched the Republicans’ plan for a simple bill title.