From the Pennsylvania Budget and Policy Center (http://www.pennbpc.org): House Republican leaders highlight an increase in the maximum value of the federal Child Tax Credit (CTC) as their tax bill’s signature benefit for working families, but the provision completely excludes 315,000 … Continued
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
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 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