Taxes represent our shared effort to support vital public services and systems that underpin a robust economy and strong communities. The Budget Center’s works to highlight the importance of having a tax system that not only provides sufficient resources, but also asks individuals, families, and businesses and other organizations to contribute based on their ability.
Last Year’s Federal Tax Law Exacerbates the Racial Wealth Gap
The federal tax law enacted last year made major tax policy changes that overwhelmingly favor the wealthy and large corporations. This blog post discusses how this law will over the long term widen the already sizeable gap between the wealthiest Americans and the less well off, as well as worsen the wealth disparity between white families and families of color.
Final GOP Tax Plan Is a Big Gift to the Wealthy, but Would Harm Most Households and Our Economy
This analysis highlights key provisions of the final GOP tax bill and discusses its implications for California and the nation — in particular, why it is bad for middle- and low-income families and how it would threaten economic growth.
New Estimates Show How Far the Benefits of the House Tax Bill Tilt to the Wealthy
This post examines new estimates on the House Republican tax bill and shows how both nationally and here in California, the wealthiest households would receive a disproportionate share of the proposed tax cuts, with this disparity growing wider over the next decade.