corporate tax code

Who Benefits and Who Pays: How Corporate Tax Breaks Drive Inequality

by
Who Benefits and Who Pays: How Corporate Tax Breaks Drive Inequality

This report was produced in partnership with Liberation in a Generation and co-authored by that organization’s Jeremie Greer, Emanuel Nieves, and Solana Rice. Read the full report here. Policies that provide corporate tax breaks and allow corporate tax avoidance exacerbate racial and income disparities in our economy. These policies limit revenue raised that could finance … Read more

How Did the TCJA Affect Corporate Tax Revenues?

by
How Did the TCJA Affect Corporate Tax Revenues?

Fact: The 2017 Tax Cuts and Jobs Act (TCJA) lowered the top corporate tax rate from 35 to 21 percent, leading to a sharp drop in corporate tax revenues initially, but they returned to pre-TCJA levels starting in 2021.

Sanders Introduces Bill to Combat “Legalized Tax Dodging” for Corporations

by
Sanders Introduces Bill to Combat “Legalized Tax Dodging” for Corporations

Fact: The bill introduced by Sen. Bernie Sanders would allow the federal government to collect an additional .3 trillion in tax revenue over the next decade.