ATF Applauds Senate Democrats’ Plan to Fund Infrastructure by Rolling Back Trump Tax Cuts for the Wealthy

Wall Street Would Help Pay for Upgrades, Not Profiteer as Under Trump Plan WASHINGTON, D.C.—Senate Democrats today unveiled a $1 trillion plan to upgrade America’s crumbling infrastructure, paying for it by rolling back tax cuts lavished on the nation’s wealthiest households and corporations in last year’s Trump-GOP tax giveaway. The Democrats’ plan—which among many vital […]

House and Senate Legislation Would Close Loopholes in Trump-GOP Tax Law That Incentivize Shifting Jobs & Profits Offshore

“No Tax Breaks for Outsourcing Act” Would Remedy Trump Failure to Stop Manufacturing from Disappearing Offshore WASHINGTON, D.C. – New legislation introduced today would end tax incentives that encourage multinational corporations to shift jobs and profits offshore that were enacted under the recent tax legislation pushed by President Trump and Republicans in Congress. Sponsored by House Ways […]

Mike Pence’s Fake News on Corporate Investment

At the conservative CPAC conference on Thursday, Vice President Mike Pence claimed that the Trump tax cuts are responsible for hundreds of billions in new corporate investment. Pence boasted, “Since the President’s tax cuts became the law of the land, businesses large and small have actually announced more than $480 billion in new investments in […]

Cisco’s Wealthy Shareholders, Not Workers, Benefit From Trump Tax Giveaway

Company to Bring Home $67B in Offshore Profits Under Discounted Rate and Get a $10 Billion Tax Break WASHINGTON, D.C.—Cisco Systems has just announced it will return to the U.S. $67 billion in offshore profits held in cash this quarter and spend much of the money on stock buybacks and increased dividends, and apparently spend […]

ExxonMobil’s $50 Billion Investment Likely Business as Usual, Not Due to Tax Cuts

By Kayla Kitson, Senior Researcher January 30, 2018 On Monday, ExxonMobil CEO Darren Woods announced via blog post that Exxon would invest $50 billion in the U.S. over the next 5 years, giving partial credit to the new GOP tax law. The The Trump administration and Republicans in Congress will likely claim this as more […]

Experts On The Economic Effects Of The Trump Tax Giveaway

Moody’s Investor Service [MarketWatch, 1/28/2018] “We do not expect a meaningful boost to business investment because U.S. nonfinancial companies will likely prioritize share buybacks, M&A and paying down existing debt,” said Moody’s analysts led by Rebecca Karnovitz. “Much of the tax cut for individuals will go to high earners, who are less likely to spend […]

2018 State of the Union Resources

2018 will mark the first year that President Trump will deliver his State of the Union address to Congress. During his speech, he will tout the passage of the “Tax Cuts and Jobs Act,” repeating mistruths that he claimed throughout the battle to pass the legislation. Below are a few resources to fight back against […]

Analysis: Koch Brothers Could Get Up To $1.4 Billion Tax Cut From Law They Helped Pass

A new analysis by Americans for Tax Fairness estimates that Charles Koch and David Koch and/or Koch Industries could save between $1 billion and $1.4 billion combined in income taxes each year from the Trump tax law―and that doesn’t even count how much the brothers might save in taxes on offshore profits or how much […]

Apple Polishing: The Tech Giant’s Devious Attempt to Support Trump’s Tax-Cut Fantasies

By Will Rice, Senior Writer Apple’s recent announcement touting plans for American investments and what it will pay in U.S. taxes on its offshore profits is full of misleading statements, vague promises and spin. Conservative commentary on the announcement (including by President Trump) has read into it a claim that’s not there: that the company’s […]

Economists Agree: Trump-GOP Tax Plan Will Not Substantially Boost Economy

President Trump and Congressional Republicans claim their massive tax cuts for the wealthy and corporations will greatly increase economic growth, enough even to cover the plan’s $1.5 trillion cost (though they’ve recently been hedging this last claim). Economic experts from across the ideological spectrum strongly refute these claims, both on general principles and as they […]