In February 2025, the American Legislative Exchange Council (ALEC) published its ‘Essential Policy Solutions’ playbook for 2025, doubling down on its decades-long campaign to eliminate state corporate and individual income taxes and replace them with higher sales taxes—a regressive shift …
American Legislative Exchange Council (ALEC)Lisa NelsonArthur LafferState Policy NetworkHeritage Foundation+4 morealectax-policystate-legislationcorporate-corruptionregressive-taxation+6 more
On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (TCJA) into law, enacting the most sweeping tax reform package in 30 years and permanently slashing the corporate tax rate from 35% to a flat 21%—a 40% reduction representing the largest corporate tax cut in American …
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On January 2, 2013, President Barack Obama signed the American Taxpayer Relief Act of 2012 (ATRA) into law, resolving the ‘fiscal cliff’ crisis by making permanent 82% of President Bush’s tax cuts—approximately $2.8 trillion of the $3.4 trillion total Bush tax cut package estimated …
Barack ObamaJoe BidenMitch McConnellJohn BoehnerHarry Reid+3 moretax-policyobama-administrationfiscal-cliffbipartisan-complicitywealth-transfer+4 more
On May 28, 2003, President George W. Bush signed the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) into law, completing the second phase of the Bush tax cuts and fundamentally restructuring taxation to favor investment income over wages. The legislation reduced the long-term capital gains …
George W. BushDick CheneyBill ThomasCharles GrassleyAmericans for Tax Reform+3 moretax-policybush-administrationsupply-side-economicscapital-gainsdividend-taxation+4 more
On June 7, 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) into law, enacting the first wave of the ‘Bush tax cuts’ that would add approximately $1.5 trillion to the national debt over the 2002-2011 decade, excluding interest. The …
George W. BushDick CheneyPaul O'NeillDennis HastertTrent Lott+3 moretax-policybush-administrationsupply-side-economicswealth-transferdeficit-spending+4 more
On October 22, 1986, President Ronald Reagan signed the Tax Reform Act of 1986 (TRA86) into law, implementing the most dramatic restructuring of the federal tax code since World War II. The legislation reduced the number of individual income tax brackets from 16 to just 2, slashing the top marginal …
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On August 13, 1981, President Ronald Reagan signed the Economic Recovery Tax Act (ERTA) into law, enacting one of the largest tax cuts in American history. The Act reduced the highest marginal individual income tax rate from 70% to 50% and the lowest rate from 14% to 11%, implementing an …
Ronald ReaganJack KempWilliam RothDavid StockmanHeritage Foundation+3 moretax-policyreagan-administrationsupply-side-economicscorporate-corruptionwealth-transfer+4 more