At nearly every point on the economic spectrum, a new report documents, it helped whites more than people of color.
tax policy
Posted inHousing and Transportation
California Gears Up for a Gas Tax Clash
The Golden State is often a harbinger of trends to come, such as recently passed fuel taxes and vehicle fees to finance long-overdue local and state transportation projects. But these are now imperiled by an anti-tax ballot initiative.
Posted inEducation in America
Republicans’ ‘Tax Reform 2.0’ Would Be (Another) Giveaway to the Rich
By expanding the scope of 529 savings accounts, the GOP gives the wealthy another way to cut their taxes.
Posted inEconomic Policy
The Tax Act and Republican Economic Mythology
Democrats must do more than discredit trickle-down economics—they need to advance a story of inclusive economics that is persuasive and true.
Posted inEconomic Policy
The Idle Poor and the Idle Rich
Republicans attack the welfare system because they say the poor need to work, but they reduced the incentive of the rich to work by gutting the estate tax.
Posted inMoney, Politics, and Power
Will the Tax Act Set Back Private Equity?
In their haste to find revenue to offset the cost of their tax cut, Republican tax writers have made life a little trickier for the private equity industry.
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
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.
Posted inMoney, Politics, and Power
How the Tax Act Undercuts Health-Care Reform
Ending the individual mandate will inflate premiums in the Obamacare marketplaces—especially for the middle class.
