How Senate Republicans killed the child tax credit and made Tax Day 2024 worse for families
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What does it mean to be 'middle class' in 2024?
When I was a kid, $100,000 sounded like an impossibly large sum of money. Even when I started working at my first professional job with an entry-level salary of $32,000, I thought that making $100,000 would allow one to be comfortably upper-middle class. I’m sure I’m not alone; a “six-figure salary” was, for a long time, shorthand for a “well-paid job.” But in 2024, with the cost of housing and childcare (not to mention inflation on basics like food), a family making $100,000 a year can have...
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Senators want property tax reforms back on the agenda
Tweaking property investor taxes could save the federal budget billions and boost home ownership, even with exemptions for those operating under the old rules, analysis commissioned by two senators suggests. Independent senators David Pocock and Jacqui Lambie want changes to capital gains tax and negative gearing back on the agenda, commissioning an analysis on the […]
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Conservative Groups Urge Senators to Support the Tax Bill
A coalition of 30 conservative organizations urged Senate lawmakers to support H.R. 7024, the Tax Relief for American Families and Workers Act (TRAFWA), in a letter released yesterday. Please see below for the full content of the letter, or click here. April 9, 2024 Dear Senators, We the undersigned organizations write in support of H.R. […]