Late last week, House Republicans passed the “Tax Cuts and Job Act,” a bill they claim will cut taxes and raise wages for the majority of Americans. One group that would see a huge tax increase are graduate students. Many of them survive on modest stipends, but they could see their taxes quadruple under the […]
tax policy
Posted inCivil Rights in America
The GOP Tax Plan Expands the Child Tax Credit — for the Wealthy
Though an expanded child tax credit could sharply reduce poverty, the GOP is instead focused on strengthening the (upper-income) American family.
Posted inEconomic Policy
What Does the Tax Bill Do for Low-Income Workers?
Basically, nothing. But will that be sufficient to peel away voters?
Posted inEconomic Policy
Republicans’ Disdain for Trump’s Base Oozes Into Tax Plan
Could the GOP tax plan erode Trump’s support among key parts of his base?
Posted inMoney, Politics, and Power
How Republicans Imperil Their Own Tax Cuts
Their House and Senate budget resolutions are miles apart—which endangers reconciliation, which endangers tax cuts, which endangers what’s left of the GOP agenda.
Posted inEconomic Policy
Magic Corporate Tax Cuts and Other Fables
Trump and Republicans peddle the myth that money for corporations will trickle down to workers.
Posted inEconomic Policy
Trump Gives Tax Cuts to Rich and Fairy Tales to Everyone Else
Republicans are selling Trump’s tax plan by saying it will help the middle class. But, as we knew all along, it’s written for the rich.
Posted inEconomic Policy
Trump Swears He Doesn’t Want to Cut Taxes for Wealthy
The president and GOP leaders would have you believe their tax cuts will help the middle class, not the rich. Reality would suggest otherwise.
Posted inEconomic Policy
Will Centrist Dems Give Trump His Tax Cuts?
There’s a bloc of Democrats who could be tempted to vote with Republicans for tax cuts for the rich.
Posted inEconomic Policy
Paying for Trump’s Tax Cuts Would Devastate the Poor
When you consider how the GOP will finance their steep tax cuts, things look even grimmer for low- and middle-income Americans.