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ANALYSIS: THE TRUMP-GOP TAX CUTS ONE YEAR LATER

The Trump-GOP tax cut law, formally known as the Tax Cuts and Jobs Act (TCJA), passed Congress Dec. 20, 2017, and was signed into law by President Trump two days later. As we approach the law’s first anniversary, Americans for Tax Fairness recaps the major elements of the plan and analyzes its effects so far […]

GM Layoffs Prove Tax Cuts Hurt, Don’t Help, Workers

General Motors’ announcement yesterday that it was idling five North American assembly plants and laying off nearly 15,000 workers proves once again that the only guaranteed winners from corporate tax cuts are corporations and their wealthy shareholders—not local communities and working families. So far this year, the giant automaker reports that it has received a […]

LETTER: 56 NATIONAL ORGANIZATIONS URGE IMMEDIATE ACTION ON TRUMP’S TAX RETURNS

Dear Leaders Schumer and Pelosi and Ranking Members Wyden and Neal, We, the undersigned organizations, urge you to make obtaining and publicly releasing President Trump’s tax returns, and those of his more than 500 business entities, a top priority on Day One of the 116th Congress. The urgency in seeing President Trump’s tax returns dates […]

NO EVIDENCE TRUMP-GOP TAX CUTS ARE IMPROVING THE ECONOMY

Eight months since the tax cuts were passed in December 2017, here’s what the data show: Corporate profits up, corporate tax revenues down (Figure 1): In the second quarter of 2018 (six months after the tax cuts passed in December 2017), corporate after-tax profits were 16% higher than a year earlier in the second quarter […]

TaxScam2 Talking Points (#TaxScam2)

TOPLINES: President Trump and the GOP want to double-down and pass another massive tax cut that mostly benefits the wealthy, campaign donors and big corporations, all at the expense of working families. It will cost $3 trillion over 10 years—more than the first round of tax cuts, which cost $2 trillion. To cover the ballooning […]

CALL TO ACTION TO OPPOSE #TAXSCAM2

U.S. House Floor Vote Likely Week of Sept. 24 National Day of Action Friday, Sept. 21 Speaker Paul Ryan has announced that he plans a vote in the House of Representatives on a second round of tax cuts (#TaxScam2) before the end of September. We urge the progressive community to mobilize against more tax breaks […]

776 NATIONAL & STATE ORGANIZATIONS OPPOSE “ROUND 2” OF TRUMP-GOP TAX CUTS TO STOP ANOTHER BIG GIVEAWAY TO THE WEALTHY

September 12, 2018 Dear Member of Congress: We urge you to reject a “Round 2” of tax cuts proposed by President Trump and Republicans in Congress that is similar to those enacted last year, which once again would primarily benefit wealthy Americans. The legislation introduced in the House yesterday would cost $2.8 trillion over 10 […]

EDITORIAL BOARD MEMO: THIS LABOR DAY, WORKERS STILL WAITING FOR THEIR PROMISED $4,000 PAY RAISE

  WASHINGTON, D.C. – As you prepare editorials and messages to honor American workers this Labor Day, we urge you to consider the enclosed research and data showing how the Trump-GOP tax cuts are affecting workers and how they are faring in the current economy. President Trump promised that employers would use their  large tax cuts […]

The Hill (Op-Ed): GOP tax law isn’t just about taxes — it’s undermining American health care

This opinion piece appeared in The Hill. Frank Clemente & Margarida Jorge wrote: As President Trump and Republicans in Congress push for a second round of tax cuts, it’s important to look at how the first Trump-GOP tax law adopted last December hurt working families. One of the worst ways has nothing to do with taxes. Besides giving most […]

NATIONWIDE ‘DAYS OF ACTION’ TO MARK 53rd YEAR OF MEDICARE AND MEDICAID

More than 100 events in 58 cities to protest proposed cuts in healthcare services to pay for Trump-GOP tax giveaway to the wealthy and corporations WASHINGTON, D.C. – Activists around the country are holding about 100 events to mark the 53rdAnniversary on July 30thof the adoption of Medicare and Medicaid, and to highlight the effects that the […]