When House Ways and Means Committee Chairman Richard Neal of Massachusetts demanded the Internal Revenue Service turn over six years of Donald Trump’s tax returns to his committee, he was doing so with the law fully on his side. As past Treasury Secretary Lawrence Summers, former Joint Committee on Taxation chief of staff Edward Kleinbard, and…
Category: corporatetax
Democrats proven right—again—on tax cut windfall for the rich
Campaign Action During the run-up to the passage of the “Republican Tax Cuts and Jobs Act” late last year, one technical paper from the Treasury Department’s Office of Tax Analysis suddenly went missing. Why “Distributing the Corporate Income Tax: Revised U.S. Treasury Methodology” alone among the office’s four-decade online archive of reports and analyses disappeared in…
WWTP: What will Trump pay under the GOP tax bill?
Donald Trump lost the 2016 presidential popular vote to Hillary Clinton by almost 3 million ballots. But by another seemingly meaningless measure, Trump got clobbered 38 to 0. That lopsided score represents the number of years of tax returns Democrat Clinton and Republican Trump respectively released to the American public. But Trump’s unprecedented opacity—for the past 40…
GOP’s top priority? Giving the Trump clan a multi-billion dollar tax cut
Republican leaders in Congress may not be ready to abandon Donald Trump, but there’s little doubt about their growing discomfort with the president of the United States. Supposedly shocked by Trump’s coddling of white supremacists in the wake of the violence in Charlottesville, Virginia, Tennessee Sen. Bob Corker questioned Trump’s ability to either the “demonstrate the stability”…
