Tax Alliance for Economic Mobility Newsletter: March 2018

Dear Advocate,

As you know, late last year, following a brief debate on Capitol Hill, Republicans successfully enacted tax reform before the start of 2018. The resulting $1.5 trillion dollar legislation, the Tax Cuts and Jobs Act of 2017, provides an overwhelming amount of its benefits to big corporations and the wealthiest families in the country.

As unfortunate as the outcome of last year’s tax reform debate was, the Tax Alliance continues to believe in a tax code that works as well for our most vulnerable families – including those in the middle-class and the working class – as it does for the families with the most wealth.

Over the coming weeks and months, we’re likely to hear more conversations emerge about different aspects of the Tax Cuts and Jobs Act as well as what comes next for tax reform. As those debates take shape, we will continue to the fight for tax reform that leads to a tax code that is fair, equitable and inclusive.

We invite you to join us in this fight and help us spread the word by sharing some of the resources and statements below with your respective networks. With your support, we can broaden our base of advocates on Capitol Hill and around the country.

Sincerely,

Tax Alliance for Economic Mobility

Featured: Member Statements on House Republicans’ Tax Plan

In a blog post published last month, the Tax Alliance for Economic Mobilityargued that “any benefits low- and moderate-income households would enjoy [from the Tax Cuts and Jobs Act of 2017] could be offset when cuts are made to critical programs that support health, housing and food assistance because of the $1.5 trillion hole in our budget left by the Tax Cuts and Jobs Act.” Read the Tax Alliance’s full analysis.

In a recent statement, the Center for Law and Social Policy noted how the President’s fiscal year 2019 budget “proposes to finance the recent massive federal tax cuts for millionaires and corporations by making cruel and devastating cuts to programs that support children, families and people of modest means.” Read the Center’s full statement.

Earlier this month, Prosperity Now published a blog post detailing how a smaller provision within the Tax Cuts and Jobs Act of 2017, known as Opportunity Zones, “could potentially bring economic benefits to distressed communities across the country,” but only if a number of intentional steps are taken to ensure that the provision meet its intent towards spurring growth and investment in distressed communities. Read the full blog post.

Earlier this month, the Aspen Institute released its latest Aspen Insightpodcast, which focuses on the new tax plan and how it can benefit American families. Featuring experts from the Aspen Institute Financial Security Program (FSP), the latest Aspen Insight podcast dives into the biggest issues threatening families’ financial stability, how tax reform can benefit workers and how a financially stable workforce can benefit employers. Listen to the latest Aspen Insight podcast.

Upcoming Events

2018 UnidosUS Annual Conference – July 7-10, 2018 | Washington, DC

The UnidosUS Annual Conference represents the largest gathering of the nation’s most influential people, organizations, institutions and companies working with the Hispanic community. The UnidosUS Annual Conference provides a forum for people in the business of social change to learn about ongoing and emerging issues in the Hispanic community, connect with key community leaders and generate partnerships with Hispanic community-based organizations.

RESULTS International Conference – July 14-17, 2018 | Washington, DC

In this fraught political moment, you want to speak up about the issues you care about. But it’s not always easy to get through to Congress. Join RESULTS in Washington, DC, for their International Conference, where you’ll learn how to help change policy that advances education, health and economic opportunity for all.