Blog - Federal Policy
530 posts
The Border Adjustment Tax Creates More Problems Than It Solves
February 22, 2017 • By Richard Phillips
In recent weeks, the Republican congressional leadership’s effort to introduce a comprehensive tax reform bill has increasingly faced opposition from major business groups and skeptical lawmakers from across the aisle. The primary source of dissent thus far is that the most prominent tax framework, the House GOP’s “Better Way” tax blueprint, contains a radical provision […]
Lawmakers Should Not Use Disproven Trickle-Down Myth to Ramrod Tax Cuts for the Rich
February 8, 2017 • By Misha Hill
For more than four decades, supply-side ideologues have promoted the myth that tax cuts for the wealthy are self-financing and the benefits eventually trickle down to everyone else, despite real-life evidence that tax cuts for the rich benefit the rich. Not even the reality of 40 years of widening income inequality or the current economic […]
Trump Plan to Give Billions in Tax Breaks to Multinational Corporations May Have Bipartisan Support
January 18, 2017 • By Richard Phillips
There are a lot of troubling components of the tax reform packages being proposed by President-Elect Donald Trump and the House GOP, but one that especially stands out is the push to give companies a tax break on the earnings they are holding offshore. Unfortunately, proposals rewarding the nation’s most egregious tax dodging multinational corporations […]
Congress Shouldn’t Defy Public Opinion and Good Policy by Cutting Taxes for Corporations and the Wealthy
January 17, 2017 • By Richard Phillips
Members of Congress have floated fundamental changes to the tax code for years, but last week marked a ramping up of these efforts as Republican Speaker of the House Paul Ryan met with President-elect Donald Trump and his advisors to discuss how to move forward with tax reform in 2017. Plans floated by the incoming […]
State of Play: The Coming Debate Over the Ryan and Trump Tax Plans
January 17, 2017 • By Richard Phillips
If the incoming Trump Administration and Republican-lead Congress have their way, fundamental changes to the tax code are afoot. The most important similarity between the Ryan and Trump tax plans are dramatic reductions in the corporate tax rate and across-the-board tax cuts whose benefits primarily flow to the richest Americans. Because of their potentially catastrophic […]
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