A look at flaws in the so-called Tax Cuts and Jobs Act and recommendations to undo the damage the law inflicted upon low- and moderate-income people, while rewarding corporations and the wealthy.
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.
This paper by the Institute for Policy Studies outlines how states can address poverty and inequality in spite of the federal tax law.
This paper explores how this precarious combination has lined the pockets of the elite at the expense of working people.
This ITEP report outlines seven options for Congress to enact progressive, revenue-raising tax policies that the public has long desired, including the enactment of a wealth tax and strengthening the estate tax.
Expanding the Earned Income Tax Credit to include family caregivers is one step toward ensuring tax policies recognize unpaid care work.
The federal tax code taxes income derived from work at higher rates than income from wealth, e.g. capital gains and real estate investments. This paper from the Washington Center for Equitable Growth explores how the nation could implement a wealth tax and how such a tax could address economic inequality. Wealth taxation: An introduction to […]
This report from Institute on Taxation and Economic Policy, U.S. PIRG, SalesFactor.org and American Sustainable Business Council provides a roadmap for states to collect $17 billion lost annually to corporations stashing profits in tax havens. Report: A Simple Fix for a $17 Billion Loophole Institute on Taxation and Economic Policy, Jan. 17, 2019
Black families have substantially less wealth than white families. This paper by the Institute for Policy Studies examines public policies that facilitated white families’ ability to grow wealth while impeding it for black families.