A national discussion is underway about the causes and effects of income and wealth inequality, including recent attention to the role of the U.S. tax code. The federal tax code contains more than $1 trillion in tax subsidies known to policymakers and economists as “tax expenditures” because they are a form of spending through the tax code. Of these subsidies, more than half a trillion, $540 billion, support some form of savings or investment (e.g., higher education, retirement, homeownership), but wealthier households receive most of the benefits.
The call featured presentations from stakeholders deeply engaged in advancing a range of tax policy solutions, with a particular focus on the policy agenda emerging from the Tax Policy Advisory Group of the Asset Funders Network/Tax Policy Project.
Heather McCulloch, Director, Tax Policy Project
Lewis Brown Jr., Senior Associate, PolicyLink
Amanda Feinstein, Senior Program Officer, Walter & Elise Haas Fund & Steering Committee Member, Asset Funders Network
Jeremie Greer, Director of Government Affairs, CFED
Benjamin H. Harris, Fellow and Hamilton Project Policy Director, Brookings Institution
Additional resources mentioned during the webinar:
Building an Equitable Tax Code: A Primer for Advocates, PolicyLink - November 2014
From Upside Down to Right Side Up, CFED - September 2014
EITC Claiming Across Zip Codes, Brookings - December 2, 2014
The Mortgage Interest Deduction Across Zip Code, Brookings - December 5, 2014
For information on the Tax Policy Project click here.
Center for Global Policy Solutions, Insight Center for Community Economic Development, Institute on Assets and Social Policy, Institute for Women’s Policy Research, National Coalition for Asian Pacific American Community Development, Oklahoma Native Assets Coalition and UCLA Asian American Studies Center.