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.
tax policy
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.
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
The Long Game on Taxes
It’s not too soon to start thinking about the tax reforms we need and the strategy for getting there.
Posted inMoney, Politics, and Power
Gutting the AMT
Just to be sure that no wealthy taxpayer is left behind, the Tax Act destroys the Alternative Minimum Tax.
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.