Tax Policy Center
November 22, 2017
The latest tax plan from U.S. Senate leaders is heavily skewed toward the wealthiest people and corporations, even more so than the earlier Senate proposal. The bill would raise taxes for hundreds of thousands of low and middle-income earners in Louisiana, while substantially cutting taxes for those who earn the most.… Read more...
October 20, 2017
Voting mostly along party lines, the U.S. Senate cleared the way Thursday for a massive tax cut package that would primarily benefit the wealthy and profitable corporations.
Number of the Day
$5.49 million - Amount an estate must be worth before incurring tax under the federal estate tax; one of a litany of cuts specifically for the super-wealthy in President Trump’s plan. (Source: Vox)October 2, 2017
President Donald Trump’s plan for deep corporate tax cuts could reduce federal revenue by $7 trillion over the next two decades, according to the nonpartisan Tax Policy Center.
Number of the Day
4,411,390 - Number of American citizens living in U.S. territories and the District of Columbia, meaning they have no representation in Congress. Except for D.C. residents, they can’t vote in presidential elections and don’t pay federal income tax. (Source: The Washington Post)August 31, 2017
President Donald Trump laid out the broad outlines of his plan to cut corporate taxes in a speech on Wednesday.