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.
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.
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.
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.
By issuing this toothless code of conduct, the Supreme Court attempts to circumvent necessary reforms and enables more lavish gifts and lucrative speaking engagements from their wealthy patrons.
Justice Thomas’s egregious actions are part of a long pattern of justices with deep ties to wealthy, politically motivated far-right donors. Congress must act.
We know that curbing the influence of lobbyists, money, and organized interest groups while strengthening working families' voices in our political system is the only way to end the devastation of gun violence in America.
This case study highlights how New Economy Project and the Public Bank NYC coalition are pressing for the creation of a public bank for New York City, as part of a broader vision for economic and racial justice.
"For the sake of millions — people watching their rents go up while their wages don’t, parents who need support in tackling the ever-rising cost of child care, and seniors who regularly must decide whether they can afford their bills or their pills — the Senate must pass this legislation.”
Tomorrow the United States Supreme Court hears oral arguments in a case that has great relevance for our efforts to build an inclusive, multiracial democracy.
