Poorest 20 percent would receive the biggest tax hike A 50-state analysis of the tax plan that passed the Senate Finance Committee finds that the bottom 60 percent of households overall would face a tax hike in the later years of the plan, while the richest 1 percent, corporations, and foreign investors would continue to […]

Dr. Harris knows that the Institute on Taxation and Economic Policy has determined that 31 percent of middle class Marylanders will pay substantially higher taxes under this bill. The elimination of deductions for state and local taxes make this bill onerous for “blue states” like Maryland. Dr. Harris also knows that elimination of personal exemptions […]

For months, Speaker Paul Ryan has cited working people’s “economic anxiety” as a reason to push through tax reform. While the speaker has correctly diagnosed a defining social issue of our time, he and other Republican leaders continue to focus on a top-down remedy that will only make this problem worse.

Meg Wiehe, deputy director of the Institute on Taxation and Economic Policy (ITEP), tells Teen Vogue that caring about social policy requires understanding tax policy. “What I want people to understand is that this touches every part of their lives… this is the fight. This is a health care fight. This is an immigration fight. […]

There are a few things that have been clear since this tax bill’s inception. It was never a plan to help the middle class. Now, the legislation being considered before the Senate Finance Committee is no longer a tax bill. It is an ACA repeal bill.

The bottom line is that the rich and corporations are doing fine. We don’t need legislative solutions that fix non-existent problems. Only in a world of alternative facts does the top 0.2 percent of estates need to be exempt from the estate tax, for example.