With all the discussion on Trump’s tax plan, you could be forgiven for thinking the current tax code is a good tax system. Today’s tax system creates a disproportionate concentration of wealth in the corporate and financial sectors, while leaving revenue on the table that could be put to productive use. In a recent paper,

Today, President Trump unveiled new details about the tax reform plan that have been hashed out in secret for months by the so-called Gang of Six. As reporters and policy experts run numbers about who wins and who loses (spoiler alert: Mnuchin, Trump, and Cohn win, America loses), let’s take a step back at the

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Winning the Fight Over Tax Reform

This week, President Trump and his allies in the Senate are ramping up their campaign to reform our nation’s tax code. In Finance Committee hearings and over bipartisan dinners, the talking points are familiar: A White House press release described their tax plan as a way to “unleash America’s economic potential,” and just yesterday, the

The other day, Scott Greenberg of the Tax Foundation claimed that “Tax Rates on the Rich Were Not That Much Higher in the 1950s.” His idea? That despite a statutory top marginal income tax rate of 91% in that era, the rich actually paid a much lower effective tax rate, because they were able to

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Our debate about what is possible in U.S. policy is severely constrained by the assumption that our public resources are scarce and already overspent, meaning we are not capable of the large-scale social investments needed to provide every American with income security and a dignified life. This assumption is misguided and false. Implementing tax policies