From the Economic Policy Institute (http://www.epi.org/): House Republicans have unveiled their tax plan, and you shouldn’t believe the hype. They’ll tell you that high-income households won’t receive tax breaks. And that their tax plan will result in higher wages for … Continued
From the Union of Concerned Scientists (http://www.ucsusa.org): The tax bill being debated in the House is a bad deal. In addition to cutting taxes for the wealthy at the expense of middle class and low-income families, it also poses a … Continued
Posted at https://www.commondreams.org/news/2017/11/08/cbo-republican-tax-scam-would-blow-17-trillion-hole-national-debt Published on Wednesday, November 08, 2017 by Common Dreams The Congressional Budget Office analysis exposes party’s expressed concerns about “fiscal responsibility” as a sham By Jake Johnson, staff writer House Way and Means Chairman Kevin Brady (R-Texas) … Continued
Posted at https://www.commondreams.org/news/2017/11/08/three-richest-americans-now-own-more-wealth-bottom-half-us-combined-report Published on Wednesday, November 08, 2017 by Common Dreams “The elite ranks of our billionaire class continue to pull apart from the rest of us,” a new Institute for Policy study analysis finds By Jake Johnson, staff … Continued
Posted at https://www.chn.org/2017/11/08/millionaire-explains-house-tax-cut-bill-cut-taxes-half/#.WgMxC1tSwdU By Lecia Imbery November 8, 2017 The House tax cut bill will slash taxes on the wealthy at the expense of human needs programs. Just ask millionaire Eric Schoenberg. Check out this great video below in which Eric, … Continued
From Oxfam America (http://www.oxfamamerica.org): Congressional leaders just released a new plan to give enormous tax cuts to big companies and the wealthiest Americans. These cuts will be paid for by gutting critical services to poor families in the US and … Continued
From the Pennsylvania Budget and Policy Center (http://www.pennbpc.org): Under the House plan the top 1% of households will receive 30% of all tax cuts in 2018, an average reduction of $46,000 on an average income of $1.8 million. By 2027, … Continued
From the Institute on Taxation and Economic Policy (http://www.itep.org/): A new 50-state ITEP analysis of the House tax plan reveals that not only would the richest 1 percent of Americans receive the greatest share of the tax cut, but their … Continued
From CLASP (http://www.clasp.org/): Washington, DC, November 3, 2017—Americans believe in a society of equal opportunity—where the circumstances of your birth do not determine your future. But the tax plan unveiled by the House Ways and Means Committee yesterday would be … Continued
From Prosperity Now (https://prosperitynow.org/): Don’t be fooled by the so-called Tax Cuts and Jobs Act: these tax cuts will do nothing for the working families who need the most help. Instead, it will supercharge wealth inequality and widen the racial … Continued