Citations

The 15 largest corporate beneficiaries of the Trump tax law used their savings to collectively spend $839 billion on stock buybacks and shareholder dividends in the years following the law’s passage. Read more.

In recent months, leading politicians and policymakers have renewed calls for mass deportations of immigrants from the United States. While similar promises have been made in the past without coming to fruition—during the 2016 presidential campaign, for example, Donald Trump pledged to create a “deportation force” to round up undocumented immigrants —mass deportation now occupies a standing role in the rhetoric of leading immigration hawks. To cite just one example, former U.S. Immigration and Customs Enforcement (ICE) director Tom Homan has promised “a historic deportation operation” should a hawkish administration return to power. While some plans have envisioned a one-time,…

The impending expiration of large portions of the 2017 Tax Cuts and Jobs Act at the end of 2025 presents federal policymakers with a significant opportunity to reform the federal tax code in the United States. Too often, political openings for pro-growth tax reform have instead been transformed into opportunities to introduce new tax cuts for those at the top of the income and wealth distribution. Proponents of these tax cuts usually defend their actions by invoking a now-widely discredited “trickle-down” theory of economic growth.

Despite strong state performance in job growth and employment, too many households in North Carolina are struggling to make ends meet and cope with the rising cost of living — especially those with young children. Widespread low incomes and elevated poverty rates are preventing families from meeting their needs, reaching their potential, and contributing their full talents to our communities. The prevalence of this financial hardship has direct consequences for the long-term well-being of children and our state’s economy.

U.S. Senator Elizabeth Warren (D-Mass.) and Representative Madeleine Dean (D-Pa.) wrote to the CEOs of Coca-Cola, PepsiCo, and General Mills, pressing their executives on the companies’ pattern of profiteering off consumers, both through “shrinkflation” and dodging taxes on the profits they made from that price gouging.

Every year, Idaho tax dollars are spent to ensure families receive a good education, live in safe communities, experience good health, and drive on safe roads. However, over the past four years, lawmakers have passed deep and costly tax cuts and reforms. These cuts were made in response to temporary budget surpluses that were largely driven by federal pandemic relief, but they have long term consequences. The changes to Idaho’s tax code —which are permanent and tilted toward wealthy households and corporations — weaken state revenues by growing amounts over time, limiting the state’s ability to maintain support for schools…

Immigration has been a source of strength for the U.S. economy and has great potential to boost it even more, but the current U.S. immigration policy regime squanders too many of its potential benefits by depriving immigrants of their full rights as workers and granting employers too much power to manipulate the system. It is crystal clear that immigration expands U.S. gross domestic product and is good for growth. And immigration overall has led to better, not worse, wages and work opportunities for U.S.-born workers. Yet, it is also clear that when workers are denied full and equal labor and…