Federal Budget and Taxes

GOP-Trump Tax Plan: A Windfall for Top 1% of Pennsylvania, a Tax Increase for Many Middle Class Pennsylvanians

A 50-state analysis of the GOP tax framework reveals that in Pennsylvania, the top 1 percent of taxpayers would receive a substantial tax cut worth $67,970 while many upper middle class Pennsylvanians would face a tax increase. This plan is bad for Pennsylvania and our country.

Rigging the Economy to Further Benefit the 1% -- the Pennsylvania Numbers

Last Friday, we got the first national estimates of who benefits from the Trump Tax plan -- the "Unified Code for Rigging Our Tax Code Further to Benefit the 1%." While that's not the official title, it's more accurate than the Trump Administration name -- "the Unified Framework for Fixing Our Broken Tax Code." Last week's analysis by the Tax Policy Center showed that, by 2027 (Table 3 in the Center's report), 80% of the benefits would go to the top 1%, an increase from 53% in 2018 (Table

The GOP Federal Tax Proposal: Multiple Reasons to Worry

The outline of the tax proposal released by President Trump and Republican House and Senate leaders should worry all Pennsylvanians for multiple reasons.

How Would Trump’s Food Stamp Cuts Hurt Americans? Let Us Count the Ways.

This guest post is from Brian Barth, a writer for Modern Farmer. Modern Farmer is a quarterly magazine devoted to the people, policy, issues, animals, plants, and technology of farming and food. The piece ran as a blog post on the blog of the Coalition for Low Income Pennsylvanians.

President Donald Trump has proposed deep cuts to funding for the USDA’s Supplemental Nutrition Assistance Program, commonly referred to as food stamps. The administration’s fiscal year 2018 budget seeks a $193.3 billion decrease in SNAP funding over the next decade, a nearly 30 percent reduction over current levels. Such deep cuts have virtually no chance of gaining congressional approval, but they lay bare the President’s approach to our nation’s security net. Who stands to lose?

Pennsylvanians Ask PA Congressional Delegation to Reject Inhumane Cuts to Vital Federal Budget Programs

Nearly 70 Pennsylvania organizations signed on to the letter below asking members of the Pennsylvania congressional delegation to reject inhumane cuts to vital federal government programs:
 
To The Pennsylvania Congressional Delegation: 
  
President Trump’s budget features deep cuts in assistance that helps struggling families afford the basics – food on the table, a roof over their heads, and access to health care – as well as stunning cuts in a range of basic public services and investments in our nation, such as job training, K-12 education, access to college, scientific research, and economic development. At the same time, the President has called for massive tax cuts that will overwhelmingly benefit the wealthiest households and corporations.

The Trump Budget

President Trump’s budget is a triple betrayal — of his campaign promises, of working people in Pennsylvania and around the country, and of a uniquely-American economic order that has created the shared prosperity that America once enjoyed and should enjoy again.

The President is, first, betraying his promise not to cut Medicaid, Social Security, and the social safety net — that is, programs relied on by those left behind in a changing economy.

Our Upside-Down Tax System

The Pew Research Center released the findings from a recent survey (conducted April 5-11, 2017) that shows an increasing number of Americans find our current tax system unfair.

What do people believe is most unfair about our tax system? Nearly 2/3 (62%) of Americans are bothered “a lot” because some corporations do not pay their fair share in taxes; 60% are equally bothered because some wealthy people don’t pay their fair share.

A significantly less number of Americans are bothered by the amount they pay in taxes (only 27% are bothered “a lot” by this).

Repeal of the Affordable Care Act: A $31 billion tax cut for a handful of the wealthiest taxpayers

In Pennsylvania, the top 1% of families have captured just over half of all the growth in market incomes between 1979 and 2013 (Figure A above). As we have argued, this imbalance is largely the result of policy choices that have favored financial executives and CEOs over working families.

Trump Budget Slashes State and Local Grants at Tough Time for States

This post, written by Iris J. Lav, originally appeared on the Center on Budget and Policy Priorities blog on March 17, 2017. You can view the original post here.

How did the Pennsylvania Labor Market Perform in 2016

Last Friday, The Pennsylvania Department of Labor and Industry released preliminary estimates of December payrolls which show Pennsylvania created 32,000 jobs in the last 12 months. Payroll growth was especially weak in the 2nd half of 2016, which is likely one reason state revenue collections through December are $300 million below projections. Despite this weakness, payrolls still grew more in 2016 than they did in 2012 and 2013 when deep budget cuts weighed on job growth in Pennsylvania.

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