We need comprehensive tax reform that rewards work, encourages investment, and ensures a level playing field for U.S. companies competing in foreign markets. Trump gave us the Tax Cuts and Jobs Act of 2017 (TCJA), and it leaves a lot to clean up.
Trump branded his cuts as a "middle-class" tax cut, but the top five percent received more than half the pie. The top one percent of families alone collected 27 percent of the benefits, about as much as the middle 60 percent of families combined (28 percent).
Trump sold the cuts by promising that helping the rich would trickle down to middle-class families. It hasn't. Trump promised his cuts would pay for themselves by generating massive economic growth. They haven't.
We need to fix the TCJA.
Reports
Media
Small Business Briefing: White House NEC on the debt ceiling deal
Democracy & Elections, Government Innovation, ...
Briefing: Update on Debt Limit Negotiations with Former White House and Treasury Officials
Democracy & Elections, Government Innovation, ...
Briefing: Treasury and White House officials on the Risk of Default
Democracy & Elections, Government Innovation, ...
Briefing: Treasury and White House officials on the Debt Limit
Democracy & Elections, Government Innovation, ...
Briefing: White House officials on the Inflation Reduction Act, Healthcare Tax Credits, & Lowering Prescription Drug Costs
Climate & Clean Energy, Health Care, ...
Briefing: U.S. Secretary of Commerce Gina Raimondo on tax reform and the Build Back Better Act
Small Business, Tax
Briefing: IRS modernization and tax compliance provisions of the American Families Plan
Tax
Briefing: The American Jobs Plan and the American Families Plan
Climate & Clean Energy, Diversity & Inclusion, ...
DID TRUMP’S TAX CUTS HELP THE MIDDLE CLASS?
Tax
DID TRUMP’S TAX CUT HELP SMALL BUSINESSES?
Small Business, Tax
ANSWERING AMERICA: ARE TRUMP’S TAX CUTS HELPING THE MIDDLE CLASS?
Answering America, Tax
News & Events
Small Business Briefing: White House NEC on the debt ceiling deal
Democracy & Elections, Government Innovation, ...
Seven Things Business Leaders Keep Telling Us About Avoiding Default
Democracy & Elections, Government Innovation, ...
NEW ISSUE BRIEF: CLOSING AMERICA’S TAX GAP
Government Innovation, Tax
BRIEFING: UPDATE ON DEBT LIMIT NEGOTIATIONS
Democracy & Elections, Government Innovation, ...
THE INFLATION REDUCTION ACT DOESN’T RAISE YOUR TAXES: IT JUST MAKES IT HARDER FOR THE WEALTHIEST AMERICANS TO CHEAT
Climate & Clean Energy, Tax
Briefing: Former IRS Commissioners on Shrinking the Tax Gap
Tax
Briefing: IRS modernization and tax compliance provisions of the American Families Plan
Tax