If Democrats want to win big in November, they must do more than just renounce trickle-down economics. They need to replace it.
tax policy
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
The Top Ten Fallacies About the New Trump-GOP Tax Act
Like most of Donald Trump’s policy agenda (and the rest of his career and life), the GOP tax cut has been sold on bluster, exaggeration, and outright lies. Here are ten of the biggest myths associated with the 2017 Republican Tax Act.
Posted inMoney, Politics, and Power
Talking Taxes with the Voters
The more people learn about the Tax Act, the less they like it.
Posted inMoney, Politics, and Power
The Broad Support for Taxing the Wealthy
Why Democrats should run on rolling back the tax cut and raising taxes on the rich
Posted inMoney, Politics, and Power
How the Tax Bill Backfired on the Republicans
And why the new tax law will be an election winner for Democrats
Posted inMoney, Politics, and Power
Even the CBO Says the GOP Tax Reform Will Incentivize Corporate Offshoring
The Congressional Budget Office’s analysis of the new tax law suggests it could incentivize companies to offshore investments and jobs, which is directly at odds with GOP claims about the tax law.
Posted inEconomic Policy
Audits Endanger Tax Credits for the Working Poor
When workers who claim the Earned Income Tax Credit are audited, they’re less likely to claim the credit, a powerful anti-poverty tool, in the following years.
Posted inEconomic Policy
The Big Tax Lie: Corporations Should Stop Complaining About Taxes They Rarely Paid
The new tax law hurts most workers and the country in the long run, while companies continue to reel in huge profits without creating jobs or paying their fair share.
Posted inEconomic Policy
The Trump Tax Cuts Should Be Repealed, Not Made Even Worse
With Tax Day here, the Republican Tax Cuts and Jobs Act (TCJA), which included large cuts to both individual and corporate income taxes, remains front and center in the national debate. Republicans in Congress chose to make the corporate tax changes permanent, while phasing out most tax changes to the individual tax code by 2027. […]
