Eliminating tax subsidies that primarily benefit the plutocrats is urgently needed if we are to preserve the middle class and our economy.
TCJA gave massive tax cuts to the very rich, massively increased budget deficits, increased incentives to move jobs and profits offshore — and minimally increased investment in productivity.
The term “tax reform” is designed to get regular taxpayers to support legislation that would primarily benefit the wealthiest Americans. Here is some straight talk about what is really being proposed — and the damage it could do to the US economy.
Republican lawmakers’ push for “territorial taxation” is just another bid to help American business giants avoid paying their share of corporate taxes via foreign holdings.