Media

TRUMP TAX SCAM EXPLODES DEFICIT BY $400 BILLION MORE THAN ORIGINALLY PROJECTED

CONGRESSIONAL BUDGET OFFICE SAYS COST OF TAX CUTS AND JOBS ACT IS $1.9 TRILLION, NOT $1.5 TRILLION The 2017 Tax Cuts and Jobs Act – the mammoth Trump-GOP tax cuts that largely benefited the wealthy and corporations – was sold to Congress and the American people as costing $1.5 trillion over 10 years. The Congressional […]

What is the Millionaires Surtax?

Americans for Tax Fairness teamed up with Rep. Don Beyer, Sen. Chris Van Hollen, Sen. Sherrod Brown, Patriotic Millionaires and Institute for Policy Studies to release a brand new #FairShareTaxes plan called the #MillionairesSurtax. Here’s what you need to know:

TRUMP CONSIDERING ANOTHER MAJOR TAX CUT, AGAIN CLAIMING IT’S FOR THE MIDDLE CLASS

2017 “Middle Class Tax Cut” Largely Benefited the Wealthy, Exploded the Deficit Reports that President Donald Trump is considering an election-year “middle class tax cut” has echoes of the 2017 Tax Cuts and Jobs Act, which the Administration billed as a “middle class tax cut” but mostly benefited the wealthy and big corporations. In selling […]

Sen. Chris Van Hollen, Rep. Don Beyer Introduce New ‘Millionaires Surtax’ To Invest in Working Families

Proposal will Raise Significant Revenue, Help Narrow Wealth Gap  Today, U.S. Senator Chris Van Hollen (D-Md.) and Congressman Don Beyer (D-Va.) introduced a new tax proposal to help close the gap between the wealthy and everyone else, and raise significant revenue to make new investments that will grow the economy and protect working families. Their […]

TIME TO EAT YOUR WORDS, SEC. MNUCHIN: TAX CUTS FOR THE WEALTHY DIDN’T LOWER THE DEFICIT

WASHINGTON, D.C. – Two years ago today, Treasury Secretary Steven Mnuchin sold the proposed Trump-GOP tax cuts to lawmakers and the American public by making a bold promise: the tax cuts would reduce the federal defict by more than $1 trillion. “We think this tax plan will cut down the deficits by a trillion dollars,” […]

IMPEACHMENT INQUIRY SHOULD INCLUDE OBTAINING TRUMP’S TAX RETURNS: ATF

Americans for Tax Fairness today urged Congress to obtain President Trump’s personal and business tax returns as part of its impeachment inquiry. Trump has so far resisted attempts by a House committee to turn over his tax returns, saying Congress “has no legitimate legislative purpose” for obtaining the documents. But an impeachment inquiry gives Congress […]

ICYMI: COMPILATION OF NON-PARTISAN RESEARCH AND NEWS REPORTS SHOWS LITTLE ECONOMIC GAIN FROM TRUMP-GOP TAX CUTS

Nevertheless, Trump Considering New Tax Cuts for Wealthy Even Though Polling Compilation Shows TCJA Still Underwater with Public  The 2017 Tax Cuts and Jobs Act (TCJA), the top legislative achievement of the Trump Administration and the GOP Congress, has failed to live up to the many promises by its proponents, according to a year-long compilation […]

RECENT POLLING ON THE TCJA TAXING THE WEALTHY & CORPORATIONS

TRUMP TAX PLAN TO INDEX CAPITAL GAINS IS GREEDY, COSTLY, FRAUDULENT AND ILLEGAL

A year after first floating the idea of indexing capital gains to inflation, and then wisely shying away from it, the Trump administration is again considering handing the richest 1% another meaty tax cut at the expense of everyone else—and doing it without Congress’s approval. Besides probably being illegal, the proposal would cost up to […]

ATF APPLAUDS GOV. NEWSOM FOR SIGNING BILL ON TRUMP’S TAX RETURNS

Legislation Helps Restore Transparency to Presidential Elections Americans for Tax Fairness today applauded California Gov. Gavin Newsom for signing a bill to require presidential and gubernatorial candidates to release five years of federal tax returns as a condition for appearing on the state’s primary ballot. Frank Clemente, executive director of Americans for Tax Fairness, said […]