The Tax Act adds insidious new incentives to turn more jobs into casual contract work.
Part IV: The Consequences
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Worsening Inequality
The Tax Act worsens inequality both in the tax changes and in the program cuts used to address the resulting deficit.
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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.
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Penalizing Marriage for the Poor
Incredibly, the Tax Act actually punishes low-income people for getting married.
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How the Tax Act Undercuts Health-Care Reform
Ending the individual mandate will inflate premiums in the Obamacare marketplaces—especially for the middle class.
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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.
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Massive Spending Cuts: The Tax Act’s Hidden Costs
Republicans rediscovered the peril of the enlarged deficit—as a pretext for gutting social spending.
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The Tax Act Actually Promotes Off-Shore Tax Tricks
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.
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The Harm to Affordable Housing
By cutting rates for the wealthy, the Tax Act slashes the value of the Low-Income Housing Tax Credit.
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Demonizing the IRS to Protect Tax Evaders
Weakening tax enforcement combined with new complexity invites evasion and massive illicit tax savings for the rich.