Blog - Federal Policy
484 posts
SCOTUS Rejects Expansion of Trump’s Corporate Tax Cuts, Leaves Broader Tax Questions for Another Day
June 20, 2024 • By Steve Wamhoff
The Supreme Court matters, for tax fairness as for every other part of our lives. Whether or not we ever have a government that taxes billionaires as much as it taxes the rest of us will depend on how the Supreme Court rules in the future and who appoints justices to the Court.
States Should Opt Into IRS Direct File as the Program is Made Permanent
May 30, 2024 • By Jon Whiten
While there is plenty of room to expand Direct File at the federal level, states can take matters into their own hands and bring this benefit to their residents by opting into the program.
TurboTax Maker Puts a Pink Spin on Exploitative Financial Products
April 22, 2024 • By Amy Hanauer
This op-ed originally appeared in MSNBC Tax preparation behemoth Intuit (maker of TurboTax) recently unveiled a new campaign branding itself as a feminist company. “When it comes to the complexities of the tax code, women encounter distinct challenges,” reads a post on the company’s official blog, “and here at Intuit, we’re committed to empowering prosperity for […]
Biden Is Right: Corporate Tax Avoidance Has Big Problems That We Can Fix
April 1, 2024 • By Jon Whiten
Sensible reforms to the corporate tax system can help both crack down on corporate tax avoidance and ensure companies that are flourishing are paying their share for the public infrastructure that forms the building blocks of their success.
Congress Should Enhance – Not Diminish – IRS Capability this Tax Season
March 28, 2024 • By Joe Hughes
While funding cuts to the IRS may have been necessary as a political matter to avoid harmful agency shutdowns, they are severely misguided as a policy matter. By all serious accounts, cuts to IRS funding increase the deficit due to uncollected taxes – mostly from big businesses and the very wealthy.
Every child deserves the opportunity to succeed in society – and tax policy has a huge role to play in making that happen. Better tax policy can help prepare our young children with skills to become successful and thriving adults.
The Estate Tax Should Help to Level the Playing Field. Instead it’s Letting the Rich Get Richer.
March 26, 2024 • By Amy Hanauer
The federal estate tax should ensure that family dynasties who’ve amassed enormous fortunes pay their fair share in taxes. But because policymakers have repeatedly doubled and tripled the immense sums that can be passed on before the tax kicks in, the estate tax today affects almost no one.
President Biden discussed multiple tax proposals during the State of the Union address to Congress. Several of these proposals appeared in the budget plan he submitted to Congress last year, but at least two appear to be new proposals. Raise Corporate Tax Rate from 21 Percent to 28 Percent 10-Year Revenue Impact in President’s Previous […]
IRS Commissioner, New GAO Report Highlight Importance of Proper IRS Funding
February 16, 2024 • By Joe Hughes
A new GAO report and Commissioner Werfel’s testimony highlight the value and necessity of a well-funded and functioning IRS. Most families and businesses do their best to pay taxes accurately and on time. The nation benefits from a modern revenue agency that can make this process as easy and simple as possible and identify complex tax schemes that deprive the country of revenues.
It doesn’t matter if someone with a family income of $800,000 per year thinks they aren’t rich because they can’t quit their jobs and retire to a luxury home on the beach in Malibu. They can call themselves what they want. The point is that they are richer than 99 percent of the population and can afford to pay more.
The IRS Direct File pilot is currently open to eligible taxpayers here. Millions of American families have now received their W-2s for 2023, signaling the start to a new tax filing season. The IRS has set January 29 as the first date that people can file their tax returns for the previous year, and the […]
Everything You Need to Know About Proposals to Better Tax Billionaires
December 21, 2023 • By Steve Wamhoff
Tax policy may not be on the minds of most Americans during the final weeks of 2023, but billionaires with an eye on their own tax bills have been riveted by developments in D.C.
With the Moore vs. United States Case, the Supreme Court Could Unleash Chaos on Our Tax System
December 1, 2023 • By Steve Wamhoff
On Tuesday, the U.S. Supreme Court will begin hearing oral arguments in Moore vs. United States, which could become the most important tax case in a century. A broad ruling could destabilize our tax system, enrich many profitable corporations, and widen existing economic and racial inequalities.
The Latest Convoluted Arguments in Favor of Rich People Not Paying Taxes
November 13, 2023 • By Steve Wamhoff
Two Senate hearings last week focused on how the richest Americans are avoiding and evading taxes in ways that ordinary Americans could hardly imagine. All the experts brought in to testify seemed to agree that the House GOP’s recent tactic of “paying for” a spending proposal by cutting IRS funding makes no sense because it […]
Year-End Tax Package Must Prioritize Children and Families Over Corporations and Private Equity
November 8, 2023 • By Joe Hughes
While Congress considers extending expired tax provisions, it should first and foremost focus on expanding the Child Tax Credit, a policy with a proven track record of helping families and children.
Workers of all races and ethnicities are confronting a tax code that puts them at a disadvantage relative to those with immense wealth, and people of color and women are among those most likely to be negatively impacted by this injustice.
Free Tax Filing Option from the IRS Would Benefit People of Color, Contrary to Corporate Warnings
October 30, 2023 • By Brakeyshia Samms
There's a patchwork of programs and preparers for people of color to turn to when filing taxes, and most come from corporations that profit from providing a service that the government could provide more effectively and efficiently for free. The Direct File program can change that and is a great step forward in the IRS’ work addressing racism in the tax code.
On Corporate Tax Avoidance, Critics Take Aim at ITEP – and Miss
October 25, 2023 • By Matthew Gardner, Steve Wamhoff
In identifying companies that avoid taxes, ITEP presented evidence that our federal corporate income tax was not working the way most Americans think it should work. The public and lawmakers paid attention, including President Biden who then made the case that this demonstrated the need for reform. As a result, Congress enacted the corporate minimum tax, to make the tax system a bit closer to what most Americans want it to be. If you look closely at this, you might just see an example of democracy working.
Intuit Receives Millions in Federal Subsidies While Arguing IRS Direct File Would Be Too Costly
October 24, 2023 • By Joe Hughes, Spandan Marasini
The tax preparation industry has for years lobbied to prevent the IRS from providing a tool that would allow Americans to file their taxes online for free. Recent public disclosures from Intuit, the maker of TurboTax and the leader of the pack, show that tax breaks the company claims for doing “research” might be larger […]
Large and Growing Tax Gap Underscores the Need to Adequately Fund the IRS
October 17, 2023 • By Jon Whiten
New figures released show the difference between what Americans paid and owed in taxes grew to $688 billion in 2021, a significant jump from previous estimates. This new data underscores that last year’s boost to IRS funding under the Inflation Reduction Act was absolutely necessary and should be protected by lawmakers.
The Moore Case Before the U.S. Supreme Court Could Widen the Racial Wealth Gap
October 17, 2023 • By Brakeyshia Samms, Moore v. United States
Moore v. United States, already a cause for concern for tax lawyers, could create more barriers for racial equity advocates working to reverse the economic plight of many households of color.
The Campaign by Democratic Former Officials to Stop Taxes on the Wealthy
October 6, 2023 • By Steve Wamhoff
One of the most attention-grabbing anti-tax campaigns at work today is called SAFE, which stands for Saving America’s Family Enterprises. But it might as well mean Saving Aristocrats From Everything given the outfit’s knack for opposing any national proposal to limit special tax advantages that only the wealthy enjoy. The basic approach of SAFE is […]
Last year, Congress reversed decades of funding cuts to the IRS to help the agency improve taxpayer services and crack down on wealthy tax cheats through the Inflation Reduction Act. The IRS adopted their assignment, and this past tax filing season was a marked improvement from the year before – both for the agency and […]
Government Shutdown is Rooted in Hypocrisy, Dysfunction, and, As Always, Tax Cuts for the Rich
September 27, 2023 • By Joe Hughes
The priorities in this shutdown drama couldn’t be clearer. House Republicans once again threaten the financial security of the millions of Americans to exact cuts to programs like Head Start, the Social Security Administration, and the EPA – all while seeking unaffordable tax cuts for multinational corporations, the wealthy, and foreign investors.
Moore Case Could Enrich Tax-Avoiding Multinational Corporations – and the SCOTUS Justices Who Own Their Stock
September 27, 2023 • By Matthew Gardner
The Moore v. United States case that will soon be heard by the U.S. Supreme Court could jeopardize at least $270 billion if SCOTUS finds the entire transition tax to be unconstitutional. The decision could also invalidate other important parts of the current tax system while preempting progressive wealth tax proposals. Such an outcome would represent one of the costliest—and most ethically questionable - Supreme Court decisions in U.S. history.
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