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.

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.

Tax Code Should Help Families Achieve Economic Security and Mobility

U.S. Tax Code Widens the Racial Wealth Divide

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.

Spending on our collective well-being helps people keep a roof over their heads, feed their families, and help grow our overall economy.

“In order to build an America where a multi-racial majority can thrive, we must abolish the debt ceiling.”