Chye-Ching Huang
Center on Budget
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Past articles by Chye-Ching:
GOP Budgets, Statements Make Plans Clear: Costly Tax Cuts for Wealthy Now, Program Cuts Later
As we’ve explained, the tax bill that congressional Republicans are finalizing is step one of a likely two-step tax and budget agenda: enacting costly tax cuts now that are heavily skewed toward wealthy households and profitable corporations, then decrying the enlarged deficits that those tax cuts fuel — and insisting that they necessitate program cuts mainly affecting low- and middle-income… → Read More
JCT: Millions of Households Face Tax Increase or No Tax Benefit Under Senate GOP Bill
Millions of households would face tax increases or get little from the Senate tax bill – even before most of its individual income tax provisions would sunset in 2025, new Joint Committee on Taxation (JCT) estimates released yesterday show. → Read More
How Senate Tax Bill Supporters Are Hiding the Bill’s True Impact
Republican congressional leaders point to Joint Committee on Taxation (JCT) and Congressional Budget Office (CBO) estimates of the pending Senate GOP tax bill to say that every income group would get a tax cut from it. But they use these estimates in highly selective and extremely misleading ways. → Read More
Doubling Exemption on Estate Tax, Then Repealing It, Would Give Millions to Wealthiest Heirs
Brady’s bill would immediately deliver large tax cuts to the heirs of the nation’s wealthiest estates. → Read More
Commentary: GOP Tax Framework Looks Much Like Kansas’ Failed Tax Cut Package
Many policymakers in Washington are proposing costly, regressive federal tax cuts that have a great deal in common with the tax cuts that performed so poorly in Kansas. → Read More
Unpaid for Tax Cuts: the Gulf Between Promises and Reality
Thank you for the opportunity to testify today. President Trump and congressional Republicans’ tax plans propose costly corporate tax rate cuts — and cutting the rate on foreign profits of U.S. multinationals to zero. Prioritizing tax cuts for corporations that are posting record profits starkly contrasts with the President’s promise to focus on raising working and middle-income families’… → Read More
Senate Republicans Take Big First Step Towards $1.5 Trillion Revenue-Losing Tax Cut
Their justifications for revenue loss are rooted in wishful thinking and faulty logic. → Read More
How President Trump’s Tax Plan Would Really Affect the Middle Class
President Trump is set to speak in Missouri today where he will reportedly continue to tout his tax plan’s benefits for the middle class even though it would actually concentrate its tax cuts at the top. → Read More
“Current Policy” Baseline Would Hide $439 Billion in Tax Cuts Worth at Least $40,000 a Year for the Top 0.1 Percent
A seemingly arcane maneuver would make it much easier to enact $439 billion of regressive tax cuts over ten years by hiding their fiscal and distributional impacts. → Read More
Corporate Tax Cuts Skew to Shareholders and CEOs, Not Workers as Administration Claims
The eventual spending cuts or tax increases to pay for corporate rate cuts could leave most workers worse off. → Read More
Decoding “Deficit Neutral” Tax Bill: Low-Income Program Cuts Pay for Tax Cuts for Wealthy
As Republicans craft their tax package, with tax cuts that would go overwhelmingly to the wealthy, and consider how they might offset its large cost, a debate has ensued in Republican circles over whether it should be “revenue neutral” or “deficit neutral.” Behind this jargon lies a policy choice with huge consequences for low- and moderate-income families. → Read More
Trump Tax Plan’s Hollow Promises of “Trickle-Down” Growth
President Trump’s tax plan contains large, specific tax cuts for the wealthy and corporations but few tangible proposals for working families; it’s even missing many details needed to assess whether the plan would raise their taxes. Administration officials, however, assert that its tax cuts for the wealthy and corporations will yield widespread benefits by boosting economic growth. → Read More
Revised Trump Tax Plan Not Revised Enough
President Trump’s new tax plan gave him a chance to start over and address the problems in his campaign’s tax plans. → Read More
Roundup: Key Resources for Trump Tax Announcement
President Trump’s tax policy announcement slated for tomorrow reportedly includes a 15 percent rate for so-called “pass-through” business income, a 15 percent corporate tax rate, and child care tax subsidies similar to what he proposed during the campaign. Here are some key CBPP resources for understanding these policies: → Read More
New Trump Executive Action Could Make It Easier for Profitable Corporations to Avoid U.S. Taxes
During his presidential campaign, Donald Trump railed against corporate “inversions,” through which U.S.-based firms move their headquarters overseas to avoid paying U.S. taxes — while continuing to benefit from American customers, employees, and infrastructure. Referring to one high-profile inversion, President Trump said, "Frankly, I'm disgusted with it and I'm tired of seeing it and there's… → Read More
GOP So Far Failing to Keep Three “Tax Reform” Promises
President Trump and House Speaker Paul Ryan have both signaled that tax reform is their next top legislative priority. Any tax bill should keep three promises that they and other key Republican leaders have made: (1) No absolute tax cuts for the “upper class.” In an interview shortly after his nomination, Treasury Secretary Steven Mnuchin stated: → Read More
Trump Child Care Policies Could Hurt, Not Help, Working families
While President Trump has repeatedly pledged to make child care more affordable, the child care proposal from his campaign wouldn’t do much to help the families who likely need it most, according to a new analysis that my colleague Emily Horton and I helped co-author for the Tax Policy Center (TPC). → Read More
ACA Repeal Is a Key Trump Tax Policy
With President Trump’s commitment to repeal the Affordable Care Act, he has already pledged to support health care-related tax changes that undercut his Administration’s promise to only pursue tax policies that benefit average workers and their families. → Read More
ACA Repeal Would Embolden Tax Avoidance
We’ve explained that repealing the Affordable Care Act (ACA) would dramatically undermine health coverage (with 32 million more people uninsured by 2026) while delivering windfall tax cuts to high-income people (averaging about $7 million apiece annually to the top 400 households). → Read More
ACA Repeal Would Embolden Tax Avoidance
Repeal would eliminate the “Economic Substance Doctrine” provisions designed to curtail business tax shelters. → Read More