Why Democrats should run on rolling back the tax cut and raising taxes on the rich
tax policy
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The Trump Tax Cuts Should Be Repealed, Not Made Even Worse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. […]
Posted inEconomic Policy
Waiting—and Waiting—For Corporate Tax Cuts to Deliver Those Wage Hikes
Though if you’re a CEO or shareholder, the new tax cuts are the gift that keeps on giving.
Posted inEconomic Policy
New York State’s Federal Tax Dodge Is a Big Middle Finger to Republicans
Two provisions designed to offset the federal cap on SALT deductions is a big step toward fighting back against the GOP tax plan.
Posted inEconomic Policy
One-Time Bonuses, Full-Time Con: Trump’s Tax Cuts Deliver Worker Layoffs
Corporate public relations teams extol bonuses to pump up the Republican re-election effort, but many people will end up unemployed.
Posted inMoney, Politics, and Power
Trump’s Tax Cuts Incentivized Corporate Offshoring. These Dems Want to Reverse That.
Democrats have waffled on how, or if, they will repeal the new tax laws. This is a step in the right direction.