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
The 2017 tax law was so incredibly unpopular that its GOP backers in Congress eventually shied away from touting it during their 2018 election campaigns. In this piece, Americans for Tax Fairness looks at both state and national analysis of tax policy messaging and how voters responded.
Analysis of Tax Issues in the 2018 Federal Midterm Elections
Americans for Tax Fairness, Sept. 20, 2018
By now, it’s well known that the 2017 tax law did not deliver on its false promise to boost the middle class. This blog post by the Economic Policy Institute debunks some of the rosy rhetoric about the tax law’s so-called benefits for ordinary people.
Further evidence that the tax cuts have not led to widespread bonuses, wage or compensation growth
Economic Policy Institute, Sept. 18, 2018
All income groups received tax cuts, but Bush-era provisions ensured the well-off gained more than others. Some progressive tax changes under Obama reduced the share of tax cuts to the wealthiest, but they continued to benefit most.
Federal Tax Cuts in the Bush, Obama, and Trump Years
Institute on Taxation and Economic Policy, July 11, 2018