Center for American Progress

3 weeks ago | americanprogress.org | Emily Gee |Sara Partridge |Kyle Ross |Colin Seeberger

By contrast, the legislation would provide enormous tax giveaways for the wealthy, providing around $1.5 trillion in tax breaks for the top 5 percent of income earners. In fact, under the House Ways and Means Committee proposal, the top 0.1 percent of earners would receive around the same tax cut in aggregate as Americans in the bottom half of earners combined. A billionaire with an income in the top 0.1 percent by income would receive a tax break of $279,038.

1 month ago | americanprogress.org

If Congress reduces federal matching rates, 12 states may reverse their Medicaid expansion, eliminating Medicaid coverage for more than 3.6 million people.

2 months ago | americanprogress.org | Bianca Serbin

Despite proclaiming it “liberation day,” the Trump administration’s tariffs are hurting the U.S. economy, increasing inflation, and leaving America isolated on the world stage.

2 months ago | americanprogress.org | Lilith Fellowes-Granda |Alexandra Thornton

Issues [1] Introduction and summary Over the past year, the United States has experienced a series of destructive natural catastrophes. For example, 2025 began with weekslong wildfires affecting Los Angeles and its surrounding areas, taking the lives of 29 people; burning more than 58,000 acres of land; destroying 16,000 homes, businesses, and other structures;1 and displacing more than 100,000 residents.2 In September 2024, Hurricane Helene demolished the American Southeast,3 with...

2 months ago | americanprogress.org | Beatrice Aronson

Trump’s tariffs could cost American households $5,200 annually, but they are unlikely to create jobs, improve U.S. economic competitiveness, or improve America’s standing in the world.