On September 26, 2025, Grover Norquist’s Americans for Tax Reform led a coalition of 35 conservative organizations—including Club for Growth and Americans for Prosperity—in sending a letter to President Trump urging him to let enhanced Affordable Care Act (ACA) tax credits expire in December …
Grover NorquistAmericans for Tax ReformClub for GrowthAmericans for ProsperityDavid McIntosh+2 moreinstitutional-captureregulatory-capturetax-policyhealthcarekleptocracy+2 more
President Donald J. Trump signed H.J.Res.25 into law, nullifying an IRS rule that would have expanded cryptocurrency broker reporting requirements to include decentralized finance (DeFi) exchanges. The Congressional Review Act was used to reverse the Biden-era regulation, with the House passing the …
Donald TrumpMike CareyWays and Means CommitteeCongresscryptoregulatory-capturetax-policylegislative-action
House Ways and Means Committee Chairman Dave Camp (R-MI) released comprehensive tax reform draft legislation proposing to raise the tax on carried interest from 23.8% to 35%, effectively closing one of the most notorious tax loopholes benefiting private equity and hedge fund managers. Carried …
Dave CampHouse Ways and Means CommitteeCarlyle GroupCerberus Capital ManagementManaged Funds Associationregulatory-capturetax-policylobbyingprivate-equitycongressional-corruption
Jack Abramoff, working for the Mississippi Band of Choctaw Indians, successfully mobilized a network including Grover Norquist’s Americans for Tax Reform and House Majority Whip Tom DeLay to defeat a Congressional bill that would have imposed unrelated business income tax (UBIT) on Native …
Jack AbramoffGrover NorquistTom DeLayRalph ReedBill Archer+2 morelobbying-corruptionregulatory-capturepolitical-corruptionnative-american-affairstax-policy
Income and wealth inequality surge during the Reagan presidency, with the top 1% of earners capturing an increasingly disproportionate share of national income while middle and working-class incomes stagnate. The top 1% income share rises from 9.0% in 1979 to 13.8% by 1986—a 53% increase in less …
Ronald ReaganTop 1% earnersMiddle classWorking classwealth-inequalityincome-inequalityreaganomicsgini-coefficienttax-policy
Empirical evidence systematically disproves Reagan’s supply-side economic theory—the claim that tax cuts for the wealthy would generate economic growth benefiting all Americans through “trickle-down” effects. Statistical analysis reveals the correlation coefficient between top tax …
Ronald ReaganArthur LafferDavid StockmanGreg MankiwCongressional Budget Officesupply-side-economicstrickle-downreaganomicseconomic-theorytax-policy
Reagan’s 1981 tax cuts create massive corporate tax loopholes through permissive depreciation rules and reduced rates, causing corporate tax revenue to plummet from 25% of federal revenue in the 1950s to just 6.2% by 1983. The tax law allows corporations to slash or erase tax obligations …
Ronald ReaganCorporate AmericaInternal Revenue ServiceCongresscorporate-taxestax-avoidanceloopholesreaganomicstax-policy