ITEP Report Finds Cost-of-Living Refund Policies Benefit Taxpayers More than TCJA

New York Times: “Tax plans from several Democratic candidates for president would cost less than President Trump’s signature tax cuts but deliver larger benefits to most low- and middle-income Americans, according to a new analysis by the Institute on Taxation and Economic Policy, a liberal think tank in Washington.

The analysis is one of the first to examine the revenue losses and distributional effects of a growing number of tax-cut proposals from 2020 contenders that seek to draw contrasts with the $1.5 trillion package Mr. Trump signed into law in 2017. It finds differences between the Democrats’ plans, in both ambition and design.”

Take a fuller look at the report here comparing these Cost-of-Living Refund policies to the Tax Cuts and Jobs Act of 2017.