Maryland Center on Economic Policy: Trump Tax Framework Would Give Away Trillions in Tax Breaks to Millionaires
ITEP Work in ActionThe Trump administration and congressional leaders are gearing up to overhaul the federal tax code this fall. While many of the details remain fuzzy, one thing is clear: the administration’s top priority is to hand out big tax breaks to millionaires. These tax cuts would cost trillions in lost revenue and build pressure for damaging cuts to essential services—all while doing little to boost the economy or help working families. Congress should vote down any tax package resembling the one outlined by the administration.