Media

“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 […]

THE STOCK BUYBACKS TOP 20

Banks, Computer and Tech Companies and Pharmaceutical Industry Lead the List of Corporations Buying Record $1 Trillion of Their Stock Since Passage of Trump-GOP Tax Cuts Commercial banks, computer and tech firms and pharmaceutical companies lead the list of industries that announced plans to buy back a record $1 trillion of their own stock since […]

COSTLY CORPORATE TAX CUTS BENEFIT FEW WORKERS

Table of Contents INTRODUCTION.. 1 Figure 1: Corporate Tax Revenues Collapse from TCJA.. 3 Figure 2: Corporate Profits Up, Corporate Tax Revenues Down. 3 Figure 3: Few Employers Have Announced Raises or One-Time Bonuses. 4 Figure 4: Corporate Tax Cuts Going Mostly to Wealthy Shareholders & CEOs. 4 EXAMPLES OF HOW CORPORATIONS ARE SPENDING THEIR […]

MEDIA STORIES ABOUT THE ECONOMIC EFFECTS OF THE TRUMP-GOP TAX CUTS

ATF: TRUMP BUDGET “A TESTAMENT TO BROKEN PROMISES. CRUELTY AND FAILED ECONOMIC POLICIES”

  WASHINGTON, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on President Donald Trump’s proposed FY 2020 budget: “The president’s 2020 budget is a testament to broken promises, failed economic policies and cruelty toward working families. After ramming through tax cuts that cost nearly $2 trillion and […]

HOUSE ADOPTS AMENDMENT TO H.R. 1 TO REQUIRE RELEASE OF TRUMP’S BUSINESS TAX RETURNS ON TOP OF PERSONAL RETURNS

WASHINGTON, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on the passage of H.R. 1, which included the ATF-supported amendment that expands the scope of the requirement for presidential and vice-presidential candidates and the president and vice president to release 10 years of their tax returns to […]

2018 Election Results: Tax Fairness is a Winning Message

Republicans lost the tax messaging war in 2018 because progressives clearly defined the problems with the Trump-GOP tax cuts and were unified on the message. “Republicans lost the messaging battle on the [tax] issue,” according to a Sept. 2018 poll for the Republican National Committee. By 61% to 30% voters said the Trump-GOP tax cuts […]

RECENT POLLING ON THE TCJA AND TAXING THE WEALTHY

TAX CUTS AND JOBS ACT RealClear Politics 2019 Polling Average (Feb. 20, 2019): By a five-point margin, 46% to 41%, voters disapprove of the Trump-GOP tax cut law based on 2019 polls. National Association of Business Economics (Dec. 17, 2018 – Jan. 9, 2019) (Survey of 106 NABE members): The vast majority—84%—of respondents said that […]

AMERICANS FOR TAX FAIRNESS TO SUBMIT TESTIMONY FOR HEARING THURSDAY ON TRUMP’S TAX RETURNS

ATF Report Details Case for Congress to Obtain Trump’s Tax Returns WASHINGTON, D.C. – Americans for Tax Fairness will submit testimony for a hearing Thursday by the House tax committee’s oversight panel on a proposal to require presidents and presidential candidates to release their personal tax returns. ATF’s testimony is based on its detailed report […]

ATF APPLAUDS NEW YORK CITY OFFICIALS AND ACTIVISTS FOR STANDING UP TO AMAZON’S DEMANDS

WASHINGTON, D.C. – Frank Clemente, executive director of Americans for Tax Fairness, released the following statement today on the announcement that Amazon has canceled its plan for a campus in New York City. “Americans for Tax fairness applauds New York City officials who stood up to Amazon, an $800 billion-dollar corporation that paid no federal income […]