In the Media
POLITICO: The pocketbook case on 2025
10. 30. 2024
A progressive group is rolling out its blueprint for next year’s tax debate.
The story was published by and can be read in full at Politico.
— A progressive group is rolling out its blueprint for next year’s tax debate.
THE DAY IN 2025 PREP: Economic Security Project is out with a new memo today that seeks to make pocketbook issues a central focus of the 2025 tax debate.
The group is offering a host of progressive ideas for the debate that will be spurred by the expiration of big chunks of the Trump tax cuts — a range of new taxes on corporations and the rich, plus increased funding for the IRS and expanding refundable incentives like the Earned Income Tax Credit and the Child Tax Credit.
And while it labels the Tax Cuts and Jobs Act a clear failure, Economic Security Project also isn’t focusing on most of the tax law’s temporary provisions, like the lowered tax rates for individuals.
“Big-picture, our take is that actually no matter who wins the election, Americans are going to be looking for government to show that they’re tackling the affordability crisis,” Taylor Jo Isenberg, the executive director of Economic Security Project, told Morning Tax.
“The TCJA fight is going to be one of the only guaranteed opportunities we have next year to do that.”
With that in mind, Isenberg said that some of the outwardly progressive ideas her group presents in its new blueprint — like expanding the CTC — could have bipartisan support.