Issues

Read our latest materials on tax issues that affect every American. You can filter our latest content by major tax subjects and sub-issues using the filter on the right.

TAX FAIRNESS GROUP BLASTS COSTLY GIVEAWAY TO WEALTHY BUSINESSES IN CORONA AID BILL

Wealthy Business Owners Allowed to Transform Pre-Crisis Losses Into Gains A tax fairness watchdog today blasted two little-noticed provisions in the recently enacted Coronavirus economic rescue package that hand wealthy business owners and corporate shareholders about $200 billion in tax breaks. In a letter to members of Congress, Americans for Tax Fairness (ATF) called for […]

ATF Letter Opposing NOLs Provision

Dear Member of Congress: Americans for Tax Fairness strongly objects to two overly broad and costly tax hand-outs to wealthy businesses gratuitously included in the recent Coronavirus Aid, Relief and Economic Security (CARES) act, and to urge Congress to curtail these provisions in the next COVID-19 rescue package. Coming as it does during an unprecedented […]

CORONAVIRUS CRISIS DEMANDS SENATE RESCUE PLAN BE ENACTED, BUT ITS FLAWS NEED FIXING BY FOLLOW-UP LEGISLATION

Financial Aid Bill Contains $280 Billion in Business Tax Breaks—Half the Aid Goes to Business, Only a Quarter to Families, & a Big Break for Wealthy Business Owners Like Trump  America’s unprecedented health and economic emergencies demand quick enactment of the coronavirus aid package passed by the U.S. Senate, but the flaws in that bill […]

WINNERS & LOSERS IN THE CORONAVIRUS EMERGENCY AID PACKAGE

Source: Committee for a Responsible Federal Budget, March 26, 2020 http://www.crfb.org/blogs/whats-2-trillion-coronavirus-relief-package Tax savings from Joint Committee on Taxation, March 26, 2020 https://www.jct.gov/publications.html?func=startdown&id=5252  

SUMMARY OF MAJOR TAX PROVISIONS IN THE SENATE AND HOUSE CORONAVIRUS STIMULUS BILLS

Senate Bill: Coronavirus Aid, Relief, and Economic Security Act (‘‘CARES Act”) Bill Text     Section-by-section (taxes only) Note: there is no Joint Committee on Taxation score of the tax provisions in the Senate bill.   House Bill, H.R. 6379: Take Responsibility for Workers and Families Act Bill text     Section-by-section     One-pager The Senate bill centers on several […]

BAD BALANCE: MCCONNELL’S CORONAVIRUS BILL OFFERS WORKING FAMILIES TOO LITTLE & CORPORATIONS TOO MUCH

Big Business Gets Wish Lists Fulfilled While Millions of Poor Are Left Out Senate Majority Leader Mitch McConnell’s proposed legislative response to the coronavirus crisis, the “Coronavirus Aid, Relief, and Economic Security (CARES) Act,’’ puts corporate interests before public needs. The relief offered struggling individuals and families is woefully inadequate; to state and local governments […]

CORONAVIRUS CRISIS MAKES ACA MORE VITAL THAN EVER AS HEALTH CARE REFORM MARKS 10TH ANNIVERSARY

Taxes on Rich, Corporations Help Fund This Vital Public Service—GOP Is Trying to Abolish ACA Through Misguided Court Case Nothing makes the need for broad healthcare coverage clearer than a public health emergency like the Coronavirus pandemic. Because of the Affordable Care Act (ACA)—signed into law 10 years ago this Monday, March 23—tens of millions […]

POORLY TARGETED TAX CUTS NOT A RESPONSE TO COVID-19 EMERGENCY

Letter from 72 National Organizations  March 18, 2020 Dear Member of Congress: We write to urge an aggressive response to the economic and societal impact of the novel coronavirus outbreak, but caution against allowing this national emergency to be used to demand tax cuts that will be poorly targeted, lack the biggest bang-for-the-buck and favor […]

TAX COALITION TELLS CONGRESS: POORLY TARGETED TAX CUTS NOT A RESPONSE TO COVID-19 EMERGENCY

A diverse coalition of national groups cautioned Congress today not to use the novel coronavirus emergency as an excuse to lavish more tax cuts on the wealthy and corporations or to enact payroll tax cuts. Today, 69 groups argued in a letter to the House and Senate for “an aggressive response to the economic and […]

FIVE-CANDIDATE ANALYSIS SHOWS HISTORIC SHIFT IN TAX & SPENDING DEBATE

Major candidates in Democratic presidential field offer fiscal plans many times the size of Clinton’s in 2016 Five leading candidates for the Democratic presidential nomination who have announced detailed revenue and investment plans all proposed much more robust plans than Hillary Clinton offered in 2016, showing how far the debate has shifted in the progressive […]