The Tax Act worsens inequality both in the tax changes and in the program cuts used to address the resulting deficit.
Features
Posted inMoney, Politics, and Power
The Tax Act That Lost Its Name
The Senate parliamentarian scotched the Republicans’ plan for a simple bill title.
Posted inMoney, Politics, and Power
Massive Spending Cuts: The Tax Act’s Hidden Costs
Republicans rediscovered the peril of the enlarged deficit—as a pretext for gutting social spending.
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
Principles for Tax Reform
The 2017 Tax Act not only harmed most Americans, but upstaged true, overdue reforms. Here are some key elements, as themes for both politics and policy.
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Why the Tax Act Will Not Boost Investment
Will lower corporate taxes generate an investment boom? The evidence suggests not.
Posted inMoney, Politics, and Power
How the Tax Act Embodies the Republican Culture of Corruption
The Tax Act is a Christmas tree of special-interest tax breaks. The only thing more corrupt than the substance was the way it was enacted.
Posted inMoney, Politics, and Power
Demonizing the IRS to Protect Tax Evaders
Weakening tax enforcement combined with new complexity invites evasion and massive illicit tax savings for the rich.
Posted inMoney, Politics, and Power
Want to Expand the Economy? Tax the Rich!
If Democrats want to win big in November, they must do more than just renounce trickle-down economics. They need to replace it.