A Project of The Annenberg Public Policy Center

The Facts on the SALT Deduction

Republican plans to eliminate or modify federal tax deductions for state and local taxes have sparked criticism from lawmakers from states that would be largely affected. Who uses the deduction and how would changing it affect them? We’ll take a look at the facts.

GOP, Democrats Spin Tax Plan

Leaders in both parties make false and misleading claims about the GOP’s $1.5 trillion tax cut plan.

Largest Tax Cut in History?

Will the Republican tax plan be the “largest tax cut in history,” as the Trump administration has repeatedly said? That’s still unknown. But past tax cuts have been larger than cost estimates of the GOP plan.

Trump Muddles Economic Indicators

In a news interview and a speech in Pennsylvania, President Donald Trump misleadingly suggested that rising stock value could reduce the national debt.

A Tax Hike or Benefit for the ‘Middle Class’?

House Minority Leader Nancy Pelosi claimed that the Republican tax cut plan “raises taxes on middle class,” while President Donald Trump claimed that “everybody’s gonna benefit” from a plan that “is for the middle class.”

‘Death Tax’ Talking Point Won’t Die

In calling for the repeal of the estate tax, President Donald Trump repeated a popular myth that a farmer’s heirs often have to “sell the farm” in order to pay the tax. In fact, less than 1 percent of the heirs of farm owners are expected to have to pay any estate tax.

Who Benefits From Corporate Tax Cut?

In advocating for a corporate tax cut, Treasury Secretary Steve Mnuchin overstates the consensus when he says “most economists believe that over 70 percent of corporate taxes are paid for by the workers.”