Marco Guzman

Analysis of Tax Provisions in the House Reconciliation Bill: National and State Level Estimates The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the richest fifth of Americans would receive two-thirds of the tax cuts. The riches...

Updated -- Analysis of Tax Provisions in the House Reconciliation Bill: National and State Level Estimates

The House Tax Plan, By the Numbers The House of Representatives unveiled a sprawling piece of tax legislation earlier this week that would extend temporary tax changes enacted in 2017 and layer various kinds of tax cuts and increases o...

The House Tax Plan, By the Numbers...

There’s been lots of chatter about repealing taxation of Social Security benefits in the tax bill. Turns out Rs opted to increase the standard deduction for some seniors instead.

Will this increase help lower- and middle-income retirees?

Nope, and here’s why. 🧵

Court rules Alabama redistricting intentionally discriminates against Black voters A federal court says Alabama can't use a congressional map it found unconstitutional. The ruling comes in a voting rights case that resulted in the state getting a second Black member of Congress.

A federal court says Alabama can't use a congressional map it found unconstitutional. The ruling comes in a voting rights case that resulted in the state getting a second Black member of Congress.

Trump’s Proposed Higher Tax Rate on the Richest Taxpayers Would Affect Very Little of Their Income President Donald Trump has proposed allowing the top rate to revert from 37 percent to 39.6 percent for taxable income greater than $5 million for married couples and $2.5 million for unmarried taxpay...

New from us:

Sharp Turn in Federal Policy Brings Significant Risks for State Tax Revenues Summary The new presidential administration and Congress have indicated that they intend to bring about a dramatic federal retreat in…

Tariffs. Deportations. Federal tax and budget cuts.

There are a range of federal actions coming together that will leave states with less money to meet their responsibilities.

State lawmakers should be ready.
itep.org/sharp-turn-i...

Strong wage growth for low-wage workers bucks the historic trend From 2019 to 2024, low-wage workers experienced historically fast real wage growth -- a tremendous 15.3%. Yet pay started at such a low point, they continue to suffer from wages grossly inadequate to ...

Lowest-paid workers saw 15.3% real wage growth from 2019-2024, a notable reversal from historic trends.

This was no accident: government COVID relief measures, a tight labor market & low unemployment gave low-wage workers better job opportunities & leverage.

www.epi.org/publication/...

Proposed Missouri Tax Shelter Would Aid the Wealthy, Anti-Abortion Centers Alike In Missouri, donations to anti-abortion pregnancy resource centers come with state tax credits valued at 70 cents on the dollar. One bill currently being debated in the state would increase that match...

New from @itep.org...

The IRS is drafting plans to cut as much as half of its 90,000-person workforce, AP sources say The IRS is drafting plans to try to cut its workforce of roughly 90,000 people in half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the situation...

The IRS manages 3,000 returns per employee, and collects $57m per employee. It's a hyper-efficient benefits administrator; its budget is 67 times smaller than the military budget. What are we doing here. (I mean, I know what we are doing here.)

apnews.com/article/irs-...

Make America a Tax Cheat Haven!

The massive budget cuts to health care, food assistance, & other services approved by House Republicans this week promise enormous harm to communities from coast to coast, as frontline leaders in the states have been loudly trying to say. Let’s take a tour of some examples🧵

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...

A stunner: Josh Allen is the MVP.

A Business Activity Tax Would Make DC’s Tax System More Equitable While Raising Revenue By enacting a Business Activity Tax—a new, simple, broad-based value-added tax, DC would make business taxation fairer and more racially equitable while raising significant revenue for the District.

New analysis from dcfpi.bsky.social with @nickjohnson4.bsky.social on how DC can ensure all businesses operating in the District pay their fair share of taxes and boost the economy by instituting a Business Activity Tax. www.dcfpi.org/all/a-busine...

Opinion | Trump’s anti-immigrant vendetta starts with those here legally He’s not just going after foreigners who break the law.

Trump's immigration crackdown is not about law & order. He has a vendetta against immigrants who followed the law, too
His EOs threaten to punish legal immigrants by doubling their taxes (invoking a never-used 1934 law); expatriating their kids; and blocking them from the US entirely
wapo.st/4hkbEB6

What Mass Deportations Would Do to New York City’s Economy Major industries like construction, child care and restaurants rely heavily on undocumented workers, who would be hard to replace, economists and employers say.

What Mass Deportations Would Do to New York City’s Economy www.nytimes.com/2025/01/31/n...

Trump’s plan to make most of his 2017 tax law permanent would disproportionately benefit the richest Americans.

The plan includes all major provisions except the $10,000 SALT cap which Trump has indicated he would not extend. itep.org/trump-tax-la...

Opinion | Jimmy Carter: I Fear for Our Democracy (Gift Article) Even established democracies can fall to military juntas and despots. We can’t let that happen here.

New York Times Editor’s note: “Jimmy Carter died on Dec. 29, 2024. Roughly a year before he entered hospice care, he wrote his final New York Times Opinion essay. In it, he looked back on the Capitol riot and explained why he was so worried about American democracy.”
www.nytimes.com/2022/01/05/o...

Undocumented immigrants pay more than their fair share of taxes When measured as a share of their income, undocumented immigrants paid an average effective state and local tax rate of 8.9 percent.

My recent op-ed in The Hill

US public life is increasingly dominated by people whose ravenous, bottomless, frantic need for attention trumps any ideological, moral, or political principle.

State Council Issues Child Poverty Recommendations An advisory group set up under a 2021 state law finalized its proposals to cut child poverty in half.

A child poverty reduction council set up by a 2021 law just voted to endorse a bigger child tax credit, increased cash assistance, and rental vouchers.

It comes as Hochul wants to spend $3 bil in surplus revenue on $300-$500 "inflation refund" checks.

nysfocus.com/2024/12/20/n...

How Billionaires Have Sidestepped a Tax Aimed at the Rich Wall Street financiers were a clear target of the tax, but some, on questionable legal grounds, have claimed their outsized profits were exempt, sometimes avoiding hundreds of millions in taxes.

NEW: A host of billionaires — sports team owners, oil barons, Wall Street traders and others — have managed to avoid paying a tax on investment income.

propub.li/41EtbPK

The Past and Present of Immigration Detention: Your Questions Answered A historian of migrant detention responds to questions from <em>Bolts</em> readers on the vast network of local lockups that jail immigrants, and how it

Our readers had a ton of questions on immigration detention: where it takes place, who benefits, who makes profits, how can one push back?

So we turned to a great historian to answer your questions, and I learned *a ton* from her—from Reagan's role, to all the $$ sheriffs make, and so on:

How D.C. tackled a child care crunch through a tax hike on the rich In Washington, D.C., a tax on residents earning more than $250,000 a year is boosting the wages of child care workers. Two years in, it's proving to be a great investment.

In Washington, D.C., a tax on residents earning more than $250,000 a year is boosting the wages of child care workers. Two years in, it's proving to be a great investment.

Defunding the IRS Would Cost Taxpayers As Congress negotiates a bill for federal funding during the lame-duck session, lawmakers would be wise to remember that stripping funds from the IRS costs more than it saves. On the table in the appr...

Stripping funds from the IRS costs more than it saves.

Congress is considering cutting $20 billion in agency funding.

This would actually increase deficits by $46 billion due to a drop in the agency’s capacity to ensure wealthy people and corporations pay what they owe. itep.org/defunding-th...

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.

Economists need to get their story straight on immigration Focusing on the impact on the wages or employment levels of native workers is too narrow

Really nice article.

Economists need to get their story straight on immigration on.ft.com/3ZnIZn8