Ending tax refunds by check will speed payments, but risks sidelining people who don’t have bank accounts

More than 6 million Americans receive paper tax refund checks annually. Often, those refunds go to purchase groceries or pay the bills. But this year, those taxpayers may be surprised to learn that the paper check they’re waiting for no longer exists. That’s because of executive order 14247, which President Donald Trump signed in 2025. […]

Continue Reading

Ending taxes on home sales would benefit the wealthiest households most – part of a larger pattern in Trump tax plans

Not long after U.S. housing prices reached a record high this summer – the median existing home went for US$435,000 in June – President Donald Trump said that he was considering a plan to make home sales tax-free. Supporters of the idea, introduced by U.S. Rep. Marjorie Taylor Greene as the No Tax on Home […]

Continue Reading

Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse and especially hurt Black Americans

The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s first set of cuts. The 2017 cuts were […]

Continue Reading