The Hill: Dems Talk up Tax Credits to Counter Trump Tax Law

The left-leaning Institute on Taxation and Economic Policy (ITEP) released a report last month finding that the bulk of the benefits for many of Democrats’ tax-credit proposals would go to those in the bottom 60 percent of income, and that very little of the benefits would go to those in the top 20 percent of income. On the other hand, the group estimates that the majority of the benefits of the GOP tax law will go to those in the top 20 percent of income.

“It’s almost like the opposite of the Tax Cuts and Jobs Act,” said Steve Wamhoff, director of federal tax policy at ITEP. Read more

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