Washington Post: The Democrats new Tax Plan Is Their Clearest, Most Efficient Blueprint Yet

Just in time for Tax Day, we have new insight into the dueling partisan visions for the U.S. tax system.

We already knew that the GOP’s 2017 tax law mostly benefited corporations and the wealthy; that’s old news. But on Thursday, we got some illustrative examples, courtesy of the Institute on Taxation and Economic Policy. The organization found that at least 60 profitable Fortune 500 firms paid no federal income tax in 2018, about twice  as many as in the years leading up to the law’s passage.

In fact, most of these companies got a federal tax rebate. Read more

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