This testimony from Center on Budget and Policy Priorities Chye-Ching Huang before the House Budget Committee highlights flaws in the so-called Tax Cuts and Jobs Act and offers recommendations to undo the damage the law inflicted upon low- and moderate-income people, while rewarding corporations and the wealthy.
Fundamentally Flawed 2017 Tax Law Largely Leaves Low- and Moderate-Income Americans Behind
Center on Budget and Policy Priorities, Feb. 27, 2019
This paper argues that public firms are increasingly extractive and unproductive, that shareholders and managers are reducing investments in the things that grow the economy, and that workers, consumers, and the government are being scammed. All of this hurts shared prosperity.
Rejecting the Theory of the Firm
Roosevelt Institute, Feb. 26, 2019
The 2017 federal tax law bestowed most of its benefit on high-income households, and many tax policy analysts project that if nothing changes, the nation will see the effects of these policies in years to come via worsening economic inequality. This paper by the Institute for Policy Studies outlines how states can address poverty and inequality in spite of the federal tax law.
What States Can Do to Reduce Poverty and Inequality Through Tax Policy
Institute for Policy Studies, Feb. 22, 2019
For decades, corporations have focused on the whims of shareholders, which has resulted in a focus on boosting shareholder profits above other uses of corporate resources. This has coincided with workers having less power due to deliberate weakening of private-sector unions. This paper explores how this precarious combination has lined the pockets of the elite at the expense of working people.
Ending Shareholder Primacy in Corporate Governance
Roosevelt Institute Working Paper, Feb. 8, 2019