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Repeal Trump Tax Cuts

In December 2017, President Trump and Congressional Republicans signed the Tax Cut and Jobs Act (TCJA) that will cost the American taxpayers $1.9 trillion over the next ten years.

The TCJA provides windfalls to corporations, high-income taxpayers, and heirs to very large estates while leaving behind and including provisions that will harm low- to middle-income families. In New York, the top 1 percent will receive windfalls averaging $28,900 in 2019 while the bottom 60 percent of households will receive $390, on average. Moreover, deep cuts to the corporate tax rate will flow disproportionally to wealthy shareholders and not, as promised, workers.

As predicted, pricey tax cuts were the first step in President Trump and Congressional Republicans’ harmful fiscal policy agenda; step two pays for them by cutting programs that affect low- to middle-income Americans, such as those in FPWA’s analysis of President Trump’s FY 2020 budget in addition to Social Security, Medicaid, the Affordable Care Act, education, and more.

Unless the TJCA is overhauled, income inequality will widen and government revenues will be depleted at a time where the nation faces immense fiscal challenges.

TAKE ACTION
Show your support in demanding Congress repeal the TCJA by adding you name to a growing petition that has already been signed by the EPI Policy Center, Americans for Tax Fairness, Coalition on Human Needs, and over 160,000 Americans!