Tag: tax break

Millionaire explains how House tax cut bill would cut his taxes in half

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November 8, 2017

The House tax cut bill will slash taxes on the wealthy at the expense of human needs programs. Just ask millionaire Eric Schoenberg. Check out this great video below in which Eric, a member of Patriotic Millionaires, explains to Fox Business host Stuart Varney how the House tax cut bill will cut his taxes – and the taxes Read More »

Legalized stealing

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November 1, 2017

Hundreds of loud and sometimes boisterous opponents of the soon-to-be-unveiled House GOP tax plan rallied at the U.S. Capitol Wednesday, warning that the legislation would fundamentally alter the nation and place an unfair burden on lower- and middle-income families. The rally, which attracted a swarm of TV cameras, came on the day Republicans were initially Read More »

Fact of the Week: House budget would cut programs for low- and middle-income people by more than one-third in 10 years

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August 11, 2017

A new analysis from the Center on Budget and Policy Priorities shows that the 2018 House GOP budget proposal would cut programs serving low- and moderate-income people by 36 percent in 2027 alone. In total, the budget blueprint would slash these programs by $2.9 trillion over a decade. The proposal, which has already been approved Read More »

To raise basic living standards, we must first #RaiseTheCaps

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May 18, 2017

“On Tuesday, the President is expected to unveil a budget that busts through spending caps for defense while slashing domestic investment, which are also critical to our defense. We can’t have a secure nation if our citizens aren’t educated, aren’t healthy, and don’t have access to opportunities.” – House Minority Whip Steny Hoyer On Thursday, Read More »

Human Needs Report: Advocates denounce ACA repeal bill, FY17 spending bill avoids a shutdown, FY18 budget work and more

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May 8, 2017

CHN just released our latest edition of the Human Needs Report. Read on for articles on the House ACA repeal vote, the FY17 spending bill that avoided a shutdown, FY18 budgets, President Trump’s tax cut agenda and more. Click here for the full PDF of the Human Needs Report. Advocates Denounce House Passage of ACA Repeal Bill Read More »

Head Smacker: Trump plan slashes taxes on companies already dodging taxes

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April 28, 2017

On April 26, the Trump Administration released a barebones outline of a tax agenda that would slash taxes on corporations and wealthy individuals. The plan would cut the tax rate by almost 60 percent – down from 35 percent to 15 percent – for corporations and some other businesses. Now, we’re not just talking about Read More »

Head Smacker: Trump wrongly claims corporate taxes are too high

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March 28, 2017

President Trump’s address to Congress last month gave us in the human needs community much to smack our heads about. As CHN’s Debbie Weinstein noted in this piece about Trump’s false promises, he promised better health care while working to repeal the ACA; thanks in part to your advocacy, that effort to kill the ACA Read More »

How a tax credit changed my life

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October 5, 2016

Editor’s note: This post was originally published on RESULTS’ blog on September 29. CHN’s recent report, The High Cost of Being Poor in the U.S., also calls for the expansion of the Earned Income Tax Credit to low-income workers who aren’t raising children and for making it available to such workers at age 21 rather than Read More »

Head Smacker: U.S. Corporate Taxes are Below Average, but Some Continue to Call for Lowering Them Even Further

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April 13, 2016

We’ve repeatedly heard the calls from “pro-business” members of Congress and supporters: the U.S. corporate tax rate is too high. It drives businesses overseas, they say. We need to lower the corporate tax rate to bring and keep business here, allow U.S. companies to compete internationally, create jobs and grow the economy, they say. But Read More »

Pfizer Update: The Tax Coalition That Could

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April 6, 2016

The good news just keeps coming. Yesterday we told you about new U.S. Treasury Department guidelines that would reduce the benefits and limit the number of companies that use the tax inversion loophole. These guidelines get at the tax-dodging strategies employed by Pfizer, which has been trying to dodge a $35 billion tax bill by Read More »