December 21, 2018

The American Prospect: The 2018 Economy in 12 Graphs

media mention

Thanks to some bold number crunching by the nerds at the Institute for Taxation and Economic Policy, the figure compares a regressive, supply-side tax cut, like the one we got last year, to a highly progressive expansion of the Earned Income Tax Credit, the GAIN Act, proposed by Ohio Senator Sherrod Brown and California Representative Ro Khanna. Oneā€”the 2017 Tax Cuts and Jobs Act (better known as the Republican tax cut) raises after-tax inequality; the other (Brown-Khanna) lowers it. Let this serve as a template for the new House majority as they think about progressive tax reform. Read more