In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough money to fund public goods that benefit us all, like education, housing, transportation, and health care. But the current tax code is inequitable.
Today, congressional Republicans are pushing tax reform proposals that would cost the country over $5 trillion and would likely widen the racial wealth gap and slow economic growth.
Lowering the corporate tax rate will cost the country at least $522 billion over 10 years, money that should be invested in public goods that benefit us all, not further enriching the already wealthy.
Our Taxes Explained series aims to make tax policy clear and accessible. We want people to know what’s at stake and understand how Trump’s tax cuts are designed specifically to benefit the ultra-rich and corporations.
Behind the GOP's populist facade lies a tax plan that would benefit corporations and wealthy households while cutting programs like Medicaid and SNAP. Read more to learn how their tax plan could actually impact working people.
With 25 million people still unable to find full-time jobs and unemployment insurance close to running out, it's shameful that Republicans in Congress waged ideological warfare over what is typically a pro forma exercise of the Congress.
New York, NY — The Inequality Matters conference kicks off on Thursday, June 3rd at New York University (NYU), with keynotes by Bill Moyers and Barbara Ehrenreich.
The conference will raise an alarm about the explosive growth in economic inequality in the U.S., examine its causes, and create a forum to press for solutions to this national crisis.
Key facts:
° The Congressional Budget Office (CBO) recently released new figures showing that the income gap in the US is now the widest in 75 years.
NEW YORK – On the eve of the release of new GDP numbers, Demos is publishing a new report challenging the dominance of GDP in the nation’s economic and policy debates. Beyond GDP: New Measures for A New Economy illuminates the limits of a measurement that shows economic growth, as the 2011 numbers will likely indicate, against the backdrop of an ongoing national economic crisis.
