Studies: Trump Tax Cuts Helped Lower Income Families, Build Back Better Helps Wealthier Americans

family of three eating pizza

Democrats have argued that the tax reforms implemented through the 2017 Tax Cuts and Jobs Act (TCJA) only benefited the rich, and that the Build Back Better Act (BBBA) will help middle-and working-class Americans the most.

But several nonpartisan groups found that the TCJA reduced the tax burden for the middle- and working-class by up to 87% and, they argue, the $2.4 trillion BBBA – before the U.S. Senate this week – would increase taxes on the middle- and working-class by up to 40%.

A new analysis published by the Heartland Institute found that the TCJA reduced the average effective income tax rates for taxpayers in every income tax bracket – but the lower- and middle-class saw the greatest benefits – with the lowest-income filers receiving the largest tax cuts.

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Indeed Employment Website Ranks Advance Financial Eighth in Top Workplaces

  If you’re looking for a job, employment search website Indeed has a suggestion: Advance Financial. Nashville-based Advance Financial recently ranked eighth on an annual nationwide list of top workplaces for compensation and benefits, placing ahead of companies like Apple, GEICO, Comcast, AT&T, Boeing, Starbucks and ALDI. Indeed’s list of…

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Bredesen Refuses to Release Tax Returns, Offers No Comment on Whether He Personally Benefits from Solar Investment Tax Credit

Phil Bredesen

Former Tennessee governor Phil Bredesen could soon become one of the wealthiest members of Congress, but the 74-year-old candidate has declined to release his income tax returns. Bredesen did recently file financial disclosures, which all candidates are required to do, revealing that he had an income of between $3.3 million…

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Citing Tax Cuts, McDonald’s Serves Up Tuition Benefits for Employees

by Rachel del Guidice   Fast-food icon McDonald’s will supersize its 3-year-old education benefits program for hundreds of thousands of employees. McDonald’s Corp. will allocate $150 million over five years to its global Archways to Opportunity education program, tripling its reach, the restaurant giant announced Thursday. “This investment will provide almost 400,000 U.S. restaurant employees with…

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