By Stephanie Presch, Content Specialist, UnidosUS
UnidosUS supports tax reform that puts more money in workers’ pockets. Unfortunately, that is not contemplated in the GOP tax plan.
The GOP tax plan takes a swipe at everyone but the wealthiest Americans and corporations. It’s a morally reprehensible plan that would deliver between $10 and $40 in tax cuts to the bottom two-fifths while cutting taxes by $278,370 for the top 0.1%.
“This plan benefits the wealthiest, and wealthy corporations, especially Donald Trump and his own cabinet,” Jeremy Slevin, Associate Director of Advocacy for the Poverty to Prosperity Program at the Center for American Progress told attendees yesterday at a briefing hosted by UnidosUS on Capitol Hill to educate congressional staffers and allies on how the GOP tax plan will affect Latino families across the United States.
The tax plan released today by House Republicans has generated negative reactions from advocate groups, academics, journalists, Democratic lawmakers, and even one Republican senator. The GOP tax plan would give a shameful deficit-busting tax cut to the wealthiest Americans at the expense of working families.
UnidosUS is committed to ensuring that the tax code puts more money in workers’ pockets. That’s why we’re opposed to any plan that robs families of their hard-earned money in order to line the pockets of the already wealthy.
“We will not be tricked for their treats,” Representative Pramila Jayapal said to attendees that gathered today for a rally in opposition to the GOP’s forthcoming tax plan.
Standing in front of the Capitol in Washington, legislators and activists warned attendees that the GOP’s tax plan—which is expected to be officially released this week—would strip hardworking low- and middle-income families out of their money, and give it to the wealthiest Americans.
By Yuqi Wang, Policy Analyst, Economic Policy Project
Unfortunately for the millions of individuals and families who continue to feel the brunt of stagnating wages, eroded overtime policies, and a flatlining federal minimum wage, the newest tax framework that has been proposed would only make it more difficult for them to make ends meet. The Trump administration and Congressional Republicans’ latest tax reform framework threatens to exacerbate working families’ struggles, providing massive tax cuts to wealthy individuals and corporations disguised as a plan to help the working class.
By Yuqi Wang, Policy Analyst, UnidosUS
It may feel like tax season just ended, but the IRS is already thinking ahead to next year’s tax filing deadline. The agency recently announced their second round of Individual Tax Identification Number (ITIN) renewals, and we urge all affected taxpayers to renew their ITIN without delay.
Like the renewal process last year, the taxpayers who will need to renew their ITINs are individuals who have not used their ITIN on a tax return in the last three years, and those who have specific middle digits in their ITINs that the IRS is looking for.