'Reverse Robin Hood scam' or windfall for middle class? Lawmakers debate Trump tax plan extensions

Democrats and Republicans are making competing claims about how extending tax cuts from Trump's first term would benefit the rich and poor.

Topics

How Trump’s Reverse Robin Hood Could Backfire

Taking from the poor and giving to the rich has not been a historically smart move.
Inc. - 3d
Businesses Are Betting on a Tax Cut Extension

The federal budget debate has big implications for the economy. Despite questions about the math, investors expect an extension of the 2017 tax cuts.
The New York Times - Feb. 22
Trump Just Fired 6,700 I.R.S. Workers in the Middle of Tax Season. That’s a Huge Mistake.

The Trump administration’s decision to fire over 6,000 I.R.S. workers will make the government less effective and less efficient, not more.
The New York Times - Feb. 24
Federal workers urge congressional lawmakers to reverse job cuts

The newly-formed Fork Off Coalition, composed of recently laid off government employees, represents an alphabet soup of agencies with various levels of tenure.
CBS News - 5d
Much of the Black middle class was built by federal jobs. That may change.

Major cuts by the Trump administration, led by Elon Musk’s DOGE, are threatening a path to Black financial stability once offered by federal jobs.
NBC News - Feb. 22
What does it take to be middle class in 2025? New study explains

Are you earning enough to be among the middle class in your state?
The Hill - 5d
Iowa lawmakers vote to remove gender identity as a protected class

Iowa’s Republican-led Legislature voted Thursday to remove gender identity as a protected class from the state’s civil rights code, sending the first-of-its-kind measure to Gov. Kim Reynolds (R). ...
The Hill - 3d
Trump’s Plan to Kill Social Security Benefit Tax Could Accelerate Its Insolvency

Social security is already in danger. President Trump’s plan to get rid of income taxes on the benefit won’t save it. In fact, it’ll probably do the opposite.
Inc. - Feb. 20
Inside Republicans' budget plan that extends Trump tax cuts, potentially threatens Medicaid

After a lot of back-and-forth on Tuesday night, House Republicans were able to narrowly adopt a budget resolution that would advance President Trump's agenda. The proposal passed in a 217-215 vote. ...
CBS News - 4d

'Reverse Robin Hood scam' or windfall for middle class? Lawmakers debate Trump tax plan extensions

Topics

Related

How Trump’s Reverse Robin Hood Could Backfire

Businesses Are Betting on a Tax Cut Extension

Trump Just Fired 6,700 I.R.S. Workers in the Middle of Tax Season. That’s a Huge Mistake.

Federal workers urge congressional lawmakers to reverse job cuts

Much of the Black middle class was built by federal jobs. That may change.

What does it take to be middle class in 2025? New study explains

Iowa lawmakers vote to remove gender identity as a protected class

Trump’s Plan to Kill Social Security Benefit Tax Could Accelerate Its Insolvency

Inside Republicans' budget plan that extends Trump tax cuts, potentially threatens Medicaid

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