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News Release: Pfizer Inversion Failure Is an Example of What Happens When Elected Officials Stand up to Special Interests

April 6, 2016 11:45 AM | Permalink | For Immediate Release: Wednesday, April 6, 2016 Contact: Jenice R. Robinson, 202.299.1066 x 29, Jenice@ctj.orgPfizer Inversion Failure Is an Example of What Happens When Elected Officials Stand up to Special InterestsFollowing is a statement by Robert McIntyre, director of Citizens for Tax Justice, regarding Pfizer Corp.’s announcement that[…]

News Release: New Treasury Regulations Are Good, But Not Sufficient to Stop Inversions

April 5, 2016 11:42 AM | Permalink | For Immediate Release: Tuesday, April 5, 2016 Contact: Jenice R. Robinson, 202.299.1066 X29, Jenice@ctj.orgNew Treasury Regulations Are Critical, But Not Sufficient to Stop InversionsFollowing is a statement by Robert S. McIntyre, director of Citizens for Tax Justice, regarding the Treasury Department’s proposed new regulations to curb tax[…]

CTJ Letter to Treasury on Inversion Regulations

March 23, 2016 01:30 PM | Permalink | Read this letter in PDF.Dear Secretary Lew:We urge the Department of Treasury to take all action within its authority to curb the ability of corporations to avoid taxes by engaging in corporate inversions. Specifically, we believe that Treasury could take further steps to curb inversions through the[…]

Donald Trump's Tax Plan Would Cost $12 Trillion

March 17, 2016 10:45 AM | Permalink | Read this report in PDF.Tax Plan Targets Biggest Tax Cuts for the Best-off AmericansAn updated Citizens for Tax Justice analysis of presidential candidate Donald Trump’s tax plan reveals that it would add $12.0 trillion to the national debt over a decade. More than one-third of these tax[…]

Ted Cruz's Tax Plan Would Cost $13.9 Trillion, While Increasing Taxes on Most Americans

March 16, 2016 11:07 AM | Permalink | Read this report in PDF.A new Citizens for Tax Justice analysis of presidential candidate Senator Ted Cruz’s tax plan reveals that it would add $13.9 trillion to the national debt over a decade. Despite proposing the largest tax cut of any candidate, Cruz’s tax plan would actually[…]

The Net Effect: Paying for GOP Tax Plans Would Wipe Out Income Gains for Most Americans

March 9, 2016 11:20 AM | Permalink | Read this report in PDF.For all of the candidates running for president one thing should be clear: years of tax cuts have put our country on a precarious fiscal trajectory. According to the Congressional Budget Office (CBO), the federal government faces an $8.6 trillion cumulative budget deficit[…]

News Release: Paying for GOP Tax Plans Would Wipe Out Income Gains for Most Americans

March 9, 2016 11:04 AM | Permalink | For Immediate Release: Wednesday, March 9, 2016 Contact: Jenice R. Robinson, 202.299.1066 X29, Jenice@ctj.orgNew Analysis: Paying for GOP Tax Plans Would Wipe Out Income Gains for Most Americans(Washington, D.C.) When the tax and spending implications of GOP tax plans are considered, the vast majority of Americans would[…]

Fortune 500 Companies Hold a Record $2.4 Trillion Offshore

March 4, 2016 09:00 AM | Permalink | They May Be Avoiding up to $695 Billion in U.S. TaxesRead this report in PDF (Includes Company by Company Appendixies)It’s been well documented that major U.S. multinational corporations are stockpiling profits offshore to avoid U.S. taxes. Congressional hearings over the past few years have raised awareness of[…]

Ten Corporations Would Save $97 Billion in Taxes Under "Transition Tax" on Offshore Profits

February 16, 2016 12:37 PM | Permalink | Apple, Microsoft, Citigroup, Amgen And Six Other Tax Avoiders Would See Even Bigger Tax Breaks Under Republican Alternative PlanRead Report as a PDF.Earlier this week, President Barack Obama released details of his proposed federal budget for the fiscal year ending in 2017. The proposal includes a one-time[…]

President Obama's FY17 Budget Proposal: A First Look At Its Major Tax Provisions

February 11, 2016 03:25 PM | Permalink | Read Report as a PDF.Earlier this week, President Barack Obama released details of his proposed federal budget for the fiscal year ending in 2017. While many cynical observers and some members of Congress immediately derided the budget blueprint as an irrelevant exercise in political theatre, the President’s[…]

Bernie Sanders' Health Care Tax Plan Would Raise $13 Trillion, Yet Increase After-Tax Incomes for All Income Groups except the Very Highest

February 8, 2016 02:55 PM | Permalink | Read Report as a PDF.Read Report as a PDF.A new analysis by Citizens for Tax Justice of presidential candidate Bernie Sanders' recently released “Medicare for All” tax plan finds that Sanders' health-related taxes would raise an estimated $13 trillion over 10 years. The analysis also finds that[…]

The Tax (and Wage) Implications of Bernie Sanders' "Medicare for All" Health Plan

February 8, 2016 02:43 PM | Permalink | A new analysis by Citizens for Tax Justice of presidential candidate Bernie Sanders’ recently released “Medicare for All” tax plan finds that Sanders’ health-related taxes would raise an estimated $13 trillion over 10 years. The analysis also finds that the plan would raise average after-tax incomes for[…]

News Release: Sen. Bernie Sanders' Tax Proposal Would Increase Federal Revenue and Increase after Tax Wages for All but the Top 5 Percent

February 8, 2016 12:12 PM | Permalink | For Immediate Release: Monday, February 8, 2016 Contact: Jenice R. Robinson, 202.299.1066 X29, Jenice@ctj.org(Washington, D.C.) A new analysis of Sen. Bernie Sanders’ tax plan finds that it would increase federal revenue by $13 trillion over a decade, while increasing after-tax income for all groups except the very[…]

Press Statement: Clinton Tax Reform Proposals Are a Step Toward Tax Fairness

January 12, 2016 06:03 PM | Permalink | For Immediate Release: Tuesday, January 12, 2015 Contact: Jenice R. Robinson, 202.299.1066 X29, Jenice@ctj.orgFollowing is a statement by Bob McIntyre, director of Citizens for Tax Justice, on Hillary Clinton’s new plan to increase taxes on wealthy individuals. “For decades, the wealthy have used their clout to create a[…]

Ben Carson's Flat Tax Plan Would Cost $9.6 Trillion, While Increasing Taxes on Low-Income Families

January 6, 2016 10:13 AM | Permalink | Read Report as a PDF.A Citizens for Tax Justice (CTJ) analysis of presidential candidate Ben Carson’s recently released flat tax plan finds that it would cost an estimated $9.6 trillion over 10 years. The candidate’s proposal would have to be paired with $9.6 trillion in spending cuts[…]

Why Lawmakers Should Reject the Deficit-Financed $680 Billion Tax Cut Deal

December 17, 2015 01:48 PM | Permalink | Read Report as a PDF.Late Tuesday, congressional leaders announced the details of a $680 billion tax cut deal that will be up for a vote in the House and Senate over the next couple days. While there are some worthwhile provisions in the package, they come at[…]

Press Statement: Compromise? Good Things in the Extenders Package Come at Far Too High a Price

December 16, 2015 10:56 AM | Permalink | For Immediate Release: Wednesday, December 16, 2015 Contact: Jenice R. Robinson, 202.299.1066, Jenice@ctj.org Kelly Davis, 262-472-0578, kelly@ctj.orgFollowing is a statement by Bob McIntyre, director of Citizens for Tax Justice, regarding the announcement of $680 billion tax cut package (split between the extenders and omnibus bills) to be considered by[…]

2016 Presidential Candidates' Plans and Records on Taxes

December 15, 2015 03:09 PM | Permalink | DemocratsRepublicansHillary ClintonDonald Trump     Dropped Out Lincoln ChafeeTed CruzJohn KasichJim WebbMarco RubioChris ChristieMartin O'MalleyBen CarsonJeb BushBernie SandersRick SantorumGeorge Pataki Rand PaulBobby Jindal Mike HuckabeeLindsey Graham Rick PerryScott Walker Carly FiorinaJim Gilmore As the 2016 presidential race heats up, Citizens for Tax Justice will dig deep into  candidates' records and analyze their current policy positions[…]

Why Lawmakers Should Say No to Tax Extenders, Yes to the Working Families' Tax Credits

November 23, 2015 01:50 PM | Permalink | Read Report as a PDF.Congress is likely to consider a package of legislation primarily made up of tax breaks for business, known as the “tax extenders.” The cost of passing the tax extenders for two years would be nearly $97 billion according to the Joint Committee on[…]

Evaluating the Tax Extenders

November 23, 2015 01:15 PM | Permalink | Many of the most costly tax extenders should be reformed or remain expiredRead Report as a PDF.Year after year, Congress has renewed a package of temporary tax provisions known as the “tax extenders.” Nearly all of them should be substantially curtailed or allowed to remain expired. Because[…]

Marco Rubio's Tax Plan Gives Top 1% An Average Tax Cut of More than $220,000 a Year

November 3, 2015 01:38 PM | Permalink | Update March 9th, 2016: Click here or scroll down to see a new addendum showing the cost of Rubio's tax plan with alternative assumptions regarding his proposed refundable credit and his treatment of personal exemptions.Read Report as a PDF.A new Citizens for Tax Justice analysis of Marco Rubio’s tax[…]

Jeb Bush's Tax Plan Gives Top 1% Average Tax Cut of Nearly $180,000

October 28, 2015 02:03 PM | Permalink | Bush’s Tax Plan Turns Populism on Its HeadRead Report as a PDF.A Citizens for Tax Justice analysis of Jeb Bush’s tax plan reveals that it would cut taxes by $7.1 trillion[i] over a decade, and it would give almost half of its tax cuts to the wealthiest[…]

Guiding Principles for Tax Reform

October 27, 2015 02:27 PM | Permalink | Raise Revenue, Enhance Fairness, Stop Corporate Tax Avoidance(Read the updated 2016 version of this report here.)Read the report as a PDF.There is widespread agreement in the halls of Congress and among the American people that the U.S. tax system desperately needs reform. Yet some proposed federal tax changes[…]

Offshore Shell Games 2015

October 5, 2015 03:12 PM | Permalink | The Use of Offshore Tax Havens by Fortune 500 CompaniesRead this report in PDF.Download Dataset/Appendix (XLS)Executive SummaryIntroductionMost of America’s Largest Corporations Maintain Subsidiaries in Offshore Tax HavensCash Booked Offshore for Tax Purposes by U.S. Multinationals Doubled between 2008 and 2013Evidence Indicates Much of Offshore Profits are Booked to Tax[…]

Donald Trump's $12 Trillion Tax Cut

September 28, 2015 04:24 PM | Permalink | (Click here for new more comprehesive analysis)Tax Plan Reserves Biggest Tax Cuts for the Best-off AmericansRead the report as a PDF.Earlier today, presidential candidate Donald Trump outlined his plan to restructure personal and corporate income taxes. A new Citizens for Tax Justice analysis of the Trump plan[…]