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Trump Admin Targets Affordable Care Act

President Trump this week proclaimed “the Republican party will soon be known as the party of health care.” Apparently he was referring to his and his party’s efforts to kill healthcare dead:  Trump’s proposed budget, along with his administration’s surprise decision to back a full repeal of the Affordable Care Act (ACA) in the courts, […]

“Small-Business” Tax Break in Trump-GOP Tax Law Found to Mostly Benefit Wealthy

One of the big lies President Trump and Republicans in Congress used to sell their 2017 tax cuts, which will cost nearly $2 trillion, is that it would greatly benefit “small-businesses.” Their pitch was that “job creators” like corner grocers, neighborhood plumbers and start-up web designers would get a huge tax break knowing full well that most […]

TRUMP BUDGET’S $235 BILLION TAX BREAK FOR BIG PHARMA, HEALTH INSURERS

While the subtitle to President Trump’s new budget reads “Promises Kept. Taxpayers First,” a more accurate slogan would be “Big Tax Breaks for Corporations, Taxpayers Last.” The administration’s treatment of the healthcare industry is a case in point: Trump’s budget would give $235 billion in tax breaks over 10 years to Big Pharma, insurance companies […]

Warren’s Tax on Wealth [Greed] Would Correct Big Deficiency in Tax System

Link to Medium blog post here Sen. Elizabeth Warren’s recently proposed tax on “ultra-millionaires” gets at the real cause of our nation’s destabilizing economic inequality: the wealth gap. She would correct a blaring deficiency in our current tax system with a wealth tax on the super-rich, placing an annual 2% tax on fortunes over $50 million, and […]

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 […]