Citizens for Tax Justice

CBO projects ‘big, beautiful bill’ would add $5 trilllion to deficit if temporary tax cuts extended The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter Monday that the One Big Beautiful Bill Act, President Trump’s signature domes…

“Each and every analysis from the nonpartisan Congressional Budget Office continues to show the same result regardless of how you look at it: this bill explodes the debt by trillions of dollars to fund tax breaks for billionaires." thehill.com/homenews/sen...

How Will the Trump Megabill Change Americans’ Taxes in 2026? The megabill will raise taxes on the poorest 40 percent of Americans, barely cut them for the middle 20 percent, and cut them tremendously for the wealthiest Americans next year.

How will your taxes change next year now that the megabill has been signed into law?

People making less than $53,000 could see their taxes increase.

The richest 1% alone will benefit more from Trump’s tax plan than the bottom 80% of Americans.
itep.org/how-will-tru...

Conservatives are asking Trump for another big tax cut Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.

www.washingtonpost.com/business/202...

"Just one more tax cut for the rich please bro it'll trickle down this time it's good for the economy"

This is what Congress approved today.

Top 1% to Receive $1 Trillion Tax Cut from Trump Megabill Over the Next Decade The Trump megabill will give the top 1 percent tax cuts totaling $1.02 trillion over the next decade. For comparison, the bill’s cuts to the Medicaid health care program will total $930 billion over t...

Trump and the Republican Congress literally just took health care and food from struggling families to give a TRILLION dollars to the top 1% over the next decade. They own that now.

graph showing debt/gdp from 2001 to present. it breaks out the effect of the bush tax cuts, the trump tax cuts, and our one-time responses to the great recession and to covid. without the bush and trump tax cuts, debt/gdp would be stable.

I updated this old graph of mine. It shows that, if not for the Bush and Trump tax cuts, debt/GDP would be stable rather than rising forever.

I've updated the methodology to first assume an AMT patch at Clinton levels, so I'm only attributing to the Bush tax cuts their portion of the AMT patch.

Federal Tax Debate 2025 The tax cuts in the House bill mostly flow to those who have the most. Roughly 68% of the tax cuts go to the richest 20% in the U.S. Some other notable changes would support private school voucher pro...

The tax cuts in the House bill are mostly for the wealthy. 68% of the cuts go to the richest 20%.

On top of that, the bill also includes a new way for rich people to avoid taxes by donating to school vouchers and a harsher tax code for immigrants and their families.
itep.org/federal-tax-...

Here's what's in the GOP megabill that's just passed the House At the center of the sweeping bill is trillions in tax cuts, which Republicans aim to partially offset through changes to safety net programs like Medicaid and SNAP.

In the middle of the night, the House of Representatives pushed through a bill that rips health insurance and food assistance from millions, leaves the poorest households worse off, and sends massive tax cuts to the rich - all while increasing the deficit by trillions. www.npr.org/2025/05/21/n...

.@RonWyden: Billy Long made his money by "steering clients to firms that sold fake tax shelters and pushed small businesses to unknowingly commit tax fraud."

Is that the type of experience that qualifies you to lead the IRS? 🤔

The Republican Tax Bill Screws the Working Class Alas, if history is any guide, they’ll love it anyway.

If you’re working class, this tax bill has very little for you and quite a lot for people much richer than you. newrepublic.com/article/1952...

America's 19 richest households gained $1 trillion in wealth last year. That increase is greater than Switzerland’s entire economy.

The ultra-rich can afford to pay more in taxes.

States that raise taxes on their wealthiest residents don't see hordes of them leave, our director @amyhanauer.bsky.social explains.

Instead, they raise money needed to improve their communities.

Out of all income groups, the richest 1% pay the smallest share of income on taxes in 41 states.

Ending Direct File Program is a Gift to the Tax-Prep Industry That Will Cost Taxpayers Time and Money The Trump administration reportedly plans to shutter the IRS Direct File program before it has a chance to get fully off the ground, taking away a free option for people to file their tax returns dire...

The Trump administration is trying to gut the IRS at the benefit of the rich and corporations.

Their latest move against the agency: Ending a free tax filing program to ensure that the multibillion-dollar tax prep industry can boost its profits. itep.org/trump-admini...

#TaxDay reminder

Senate Republicans Rig Congressional Rules to Make Their Tax Cuts Appear Cost-Free What the "current policy baseline" really means

Congressional Republicans are attempting to make the $4.6 trillion cost of their tax plan disappear with an accounting gimmick.

Don’t be fooled. open.substack.com/pub/itep/p/s...

Trump’s Address to Congress Obscures His Actual Tax Agenda In last night’s address to Congress, President Trump spent more time insulting Americans, lying, and bragging than he did talking…

During his speech to Congress this week, Trump failed to mention his goal of giving huge tax cuts to rich people, his goal of giving huge tax cuts to corporations, or how his tariffs will raise most Americans’ taxes. itep.org/trump-addres...

Jeff Bezos' revamp of 'Washington Post' opinions leads editor to quit Billionaire Jeff Bezos, who owns the Post, says the newspaper's editorial section will publish columns only "in support and defense of two pillars: personal liberties and free markets."

RE Jeff Bezos' planned weekly homages to "free markets": I can't think of another business whose success has so transparently relied on short-circuiting the workings of free markets. From the very beginning, Amazon's competitive advantage was built on tax avoidance. (1/x)
www.npr.org/2025/02/26/n...

House Budget Resolution Tees Up Damaging Trump Tax Agenda The budget resolution passed by House Republicans will enrich the richest, blow up the deficit, and decimate vital public services. The budget resolution allows Congress to pass reconciliation legisla...

The budget resolution passed yesterday now tees up a dangerous tax agenda.

Congressional Republicans have no way to pay for the massive tax cuts promised by Trump other than to dismantle fundamental parts of the government and increase the federal budget deficit. itep.org/house-budget...

A reminder that this has been the plan all along.

Opinion | Trump Just Fired 6,700 I.R.S. Workers in the Middle of Tax Season. That’s a Huge Mistake. The Trump administration’s decision to fire over 6,000 I.R.S. workers will make the government less effective and less efficient, not more.

IRS commissioners appointed by Reagan, H.W. Bush, Clinton, W. Bush, Obama, Trump, and Biden agree that Trump is making a huge mistake firing 6,700 IRS workers in the middle of tax season: www.nytimes.com/2025/02/24/o...

#TaxValentines

The House GOP plan calls cut taxes by $4.5 trillion - partially offset by more than $1 trillion in cuts to Medicaid & SNAP

So they wanna do a giant tax cut that disproportionately helps the rich while taking away people's health insurance and food while still adding trillions to the debt.

Restaurants in multiple cities closing for one day to mark ‘day without immigrants’ Restaurants in multiple cities are closing for one day to mark a “day without immigrants.” “Tomorrow (Mon 2/3) we’ll be CLOSED in solidarity with the Day Without Immigrants protest. DC depends deep…

A day without immigrants would also be a day without hundreds of millions of dollars in tax revenue.

Undocumented immigrants paid $96.7 billion in federal, state and local taxes in 2022.
thehill.com/homenews/rac...

There are plenty of reasons why we're better off without more tax cuts for the rich.

Here's a few of them.
itep.org/federal-tax-...

Trump wants to cut the corporate tax rate down to 15%.

The benefits will mostly go to foreign investors and the richest 20% of households.

Corporate tax breaks worsen income inequality.

Charles Koch’s network launches $20m campaign backing Trump tax breaks Revealed: fossil fuel billionaire’s Americans for Prosperity vows ‘herculean undertaking’ to renew and deepen tax cuts

In a fundraising letter, Americans for Prosperity just said the quiet part out loud:

"We will work to counter the class-warfare argument that tax cuts are for the 'rich.'"

Not debunk or disprove. Their goal is to counter.
www.theguardian.com/us-news/2025...

Trump is already carving out tariff exemptions for huge corporations like Apple and Tesla.

The new trade agenda is to advantage the largest tech firms over small manufacturers.

An unsurprising news day.

A tweet from Benjamin Guggenheim that explains House Republicans are pushing to eliminate Direct File, the free tax filing service offered by the IRS.

Making it more expensive and more difficult to file your taxes is apparently a “day one” priority.