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July 17, 2019 RAPID RESPONSE

Economic, Gender, and Racial Inequality in the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (TCJA) made sweeping changes to our tax laws including, most significantly, an unprecedented corporate tax rate cut costing Americans $1.4 trillion. Far from addressing, fixing, or improving existing economic, gender, and racial inequality in our income tax system, the TCJA strengthened some of these provisions and even added new concerns. A panel of tax experts explain the numerous financial disadvantages that lower-income households, women, and people of color suffer under the TCJA and suggest how we might better achieve equality for all Americans.

Panelists

  • Darrick Hamilton, pioneer and internationally recognized scholar in the field of stratification economics
  • Francine Lipman, William S. Boyd Professor of Law
  • Alexandra Thornton, Senior Director, Tax Policy, Center for American Progress

Moderator

  • Marilyn Harbur, Co-Chair, ABA Section of Civil Rights and Social Justice Economic Justice Committee

Co-Sponsors: ABA Center for Public Interest Law, ABA Section of Civil Rights and Social Justice Civil Rights and Equal Opportunity Committee, ABA Section of Civil Rights and Social Justice Economic Justice Committee

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