In the News
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
Nearly seven years after the passage of the Tax Cuts and Jobs Act (TCJA), said the coalition led by Groundwork Collaborative, the law has been proven to be "a failure on its own terms," with the average worker seeing none of the financial benefits promised by Republican Party and former President Donald Trump, who is running for the White House again.
More than 100 groups, including labor unions and a range of progressive advocacy organizations, are making it clear that they want to send the tax code in a whole other direction during next year’s discussions. Those organizations are writing to congressional leaders and top tax writers today, arguing that the GOP’s 2017 tax law merely further entrenched what was already a problematic U.S. tax system.
Top U.S. labor unions are saying they’ve had enough of the Trump tax cuts and want them repealed. Unions including the United Auto Workers, the AFL-CIO, the Service Employees International Union, the Screen Actors Guild and the National Education Association joined dozens of progressive groups in sending a letter to congressional leaders Tuesday that blasted the Trump cuts as unfairly designed and fiscally irresponsible.
“Congress should pursue reforms — including corporate tax reforms — that stem the decades-long tide of tax cuts for the rich and corporations that have undermined fairness, eroded revenues needed for pro-growth investments, and stifled economic opportunity,” they said. Signers to the letter included the AFL-CIO, the Center for American Progress, the NAACP and Groundwork Collaborative.
“Congress has a clear runway in 2025 to remake the tax code so it works for the people who drive our economy. The historic group of organizations who penned today’s letter are prepared to hold legislators accountable for ending the massive tax giveaways to the wealthy and corporations and making our tax code more fair. We can start by raising the corporate rate.”
“Congress raising the corporate tax rate in 2025 is an opportunity to recoup some of the truly obscene profits corporate America raked in during this period of economic upheaval for American families. It’s time Americans got their money back.”
Supporters of Thursday's decision also warned that the fight isn't over. Groundwork Collaborative chief economist Rakeen Mabud said that "today's Supreme Court decision was decisively in favor of federal oversight on consumer protection, but we know that big business and their lobbyists won't stop trying to dismantle an agency dedicated to protecting everyday Americans."
“An institution dedicated to protecting consumers from predatory pricing tactics is exactly what Americans need right now. Strong checks on corporate power help build an economy that works for all of us."
On Bloomberg Radio’s Balance of Power today, Groundwork Collaborative’s Executive Director Lindsay Owens weighed in on the latest CPI numbers and the president’s new tariffs on China and their impact on the U.S. economy.
Groundwork Collaborative Executive Director and former senior economic policy adviser to Senator Elizabeth Warren Lindsay Owens talked about what the latest inflation data means for the Federal Reserve.