The Direct File Pilot Shows That a Public Tax Filing Option Saves Money, Improves Customer Service
Jean Ross, CAP: “86 percent of survey respondents said the experience of using Direct File increased their trust in the IRS.”
Trump’s Pledge to Leave Cash Tips Untaxed Doesn’t Hold up
Timothy Noah: “Trump’s tax policies won’t play well with working-class voters if they ever get around to comparing them to Biden’s. Hence Trump’s promise to eliminate taxes on tips. If you’re inclined, as many working-class voters are, to regard the federal government with contempt, eliminating the taxation of tips might sound pretty good. But the idea doesn’t hold up to scrutiny.”
Biden’s capital gains taxes would boost economic equality: Analysis
“An assessment of the Biden administration’s tax proposals on increasing capital gains taxes has found that they would reduce wealth inequality without harming economic growth.”
A Pro-Competition Economic Agenda: How Government Can Build on Recent Progress
Bharat Ramamurti: “By strengthening enforcement authorities and funding, emphasizing competition across federal agencies, enacting progressive tax policy, and addressing competitive issues in the fields of information technology and artificial intelligence, future administrations can build on recent progress in promoting competitive markets and deliver real gains to American consumers and workers.”
Remarks by National Economic Advisor Lael Brainard on the Tax Debate Ahead
“We have a major economic policy decision that lies ahead: whether to return to the trickle-down policies of the past or forge ahead with a different approach, the president’s approach to grow the economy from the middle out and the bottom up…The expiration of Trump’s 2017 tax package next year will put tax fairness front and center. Do we want a tax system that favors the wealthy or the middle class?”
It’s time to tax the billionaires
A new analysis from economist Gabriel Zucman reveals that for the first time, U.S. billionaires have a lower effective tax rate than working-class Americans.
Economic performance is stronger when Democrats hold the White House
David Mitchell of Washington Center for Equitable Growth: “Among the many regressive and ineffective elements of the Trump administration’s Tax Cuts and Jobs Act of 2017, one provision stands out as the most convoluted, unfair, and ripe for abuse. Section 199A of the Internal Revenue Code delivered a 20 percent deduction to the “qualified business income” of pass-through business owners.”
To Put Trickle-down Economics to Rest, We Need a New Tax Code
Elizabeth Pancotti of Roosevelt Institute: “While the expiration of TCJA provisions creates an opportunity to revisit the tax code, today’s tax reform conversation need not, and should not, be confined to the boundaries of the TCJA’s provisions—with policymakers narrowly considering whether to return our tax code to its pre-2017 state or make current policy the permanent law of the land.”
Economic performance is stronger when Democrats hold the White House
Josh Bivens of EPI: “There is a pronounced Democratic advantage in nearly every measure of macroeconomic performance. Positive indicators like growth in gross domestic product, income, jobs and wages are faster, while negative indicators like unemployment, inflation, and interest rates are lower.”