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tax cuts and jobs act
Trump-GOP Tax Bill a Gift to 'Predatory Landlords' That Will Worsen Already Dire Housing Crisis
"Housing programs are among the important public services being targeted for significant cuts to fund tax giveaways for billionaires and their wealthy donors," warned one group.
May 15, 2025
House Republicans' proposed budget reconciliation package will make mortgages expensive and harder to obtain, a progressive tax policy group warned Thursday, while over 30 advocacy groups sounded the alarm over the Trump administration's gutting of federal agencies and programs, moves that are exacerbating the U.S. housing crisis.
Americans for Tax Fairness (ATF) said that the proposed permanent extension of expiring portions of the Tax Cuts and Jobs Act (TCJA) signed into law by President Donald Trump during his first term would grant massive tax breaks to big corporations and the ultrawealthy, "wasting trillions of dollars that could help solve our country's affordable housing crisis."
"The deficit-financed tax cuts would also increase interest rates, making housing less affordable," ATF added. "To the extent the tax cuts are not added to the deficit, housing programs are among the important public services being targeted for significant cuts to fund tax giveaways for billionaires and their wealthy donors."
"They are paving the way for more predatory landlords to jack up rent."
ATF's assertion is supported by a report published in February by the Economic Policy Institute finding that "large, deficit-financed tax cuts would put upward pressure on inflation and interest rates, slowing growth and causing pain to households," including by making borrowing for a home more expensive.
ATF noted that extending the TCJA's weakened low-income housing tax credit (LIHTC) could result in 235,000 fewer affordable housing units over 10 years.
"Trump's tax scam reduced the financial incentive for corporations—the largest LIHTC investors—to make equity investments in the tax credits by slashing the corporate tax rate to 21%, and adopting a stingier measure of inflation," the group said.
"One of the most regressive provisions in the 2017 Trump-GOP tax law is the so-called 'opportunity zone' tax break," ATF contended. "While proponents claimed it would encourage investment in low-income neighborhoods, it has instead been ruthlessly exploited by wealthy real estate investors."
"In fact, this program has failed to deliver the promised economic opportunity to underserved communities, instead turning many of these neighborhoods into what can more accurately be described as exploitation zones," the group added.
The Lever's Luke Goldstein and Katya Schwenk reported Tuesday that the reconciliation package's proposed restrictions on state governments passing new regulations on artificial intelligence technology "could kill crackdowns on real estate management company RealPage for raising rents and contributing to the country's housing crisis."
RealPage is accused of price gouging renters via AI-powered surveillance pricing and automated insurance denials and management systems.
"Not only are House Republicans giving their billionaire donors and large corporations a massive tax handout, they are giving RealPage and bad actors like them a free pass to rip off working families," Lindsay Owens, executive director of the economic justice group Groundwork Collaborative, said Wednesday.
"They are paving the way for more predatory landlords to jack up rent, more apps to drive down gig worker wages, and more retailers to hike prices on consumers," Owens added. "The GOP tax bill tells you everything you need to know about the Republican Party's priorities and how unserious they are about lowering costs for working families."
More than a dozen states have joined a class action lawsuit accusing RealPage of using AI to artificially inflate housing prices across the nation.
Also on Thursday, more than 30 housing, consumer, and civil rights groups warned that the Trump administration's deep cuts to federal agencies and programs—spearheaded by the so-called Department of Government Efficiency—"are worsening the nation's housing crisis."
"Our families, neighbors, and communities deserve better than these untenable and unconscionable proposals."
"The Trump administration promised to address the high cost of housing, but so far has proposed policies that will increase the cost of rent, shred the nation's housing safety net, and push more people into homelessness," National Low Income Housing Coalition interim president and CEO Renee Willis said in a statement.
"At a time when more people than ever are struggling to afford the cost of rent and a record number of people are experiencing homelessness, rolling back fair housing protections and cutting funding for rental assistance, homelessness services, and affordable housing development—and gutting the workforce responsible for administering these programs—will only create more hardship," Willis added. "Our families, neighbors, and communities deserve better than these untenable and unconscionable proposals."
In a wider critique of Trump's policy proposals, U.S. Sen. Bernie Sanders (I-Vt.) said Thursday on social media: "Wages are stagnant. Housing costs are soaring."
"Many young people will never be able to afford their own homes, but Trump wants to increase the bloated military budget by $150 billion," Sanders added. "WRONG. That money should go toward building the affordable housing that we desperately need."
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New Text Makes Clear 'House Republicans Are Proposing More Tax Cuts for the Wealthy'
"Despite their rhetoric," Republicans are "failing to deliver for millions of working-class families," said one tax expert.
May 10, 2025
Since Republican leadership in the U.S. House of Representatives on Friday evening released tax-related legislative language and announced a markup for President Donald Trump's "One, Big, Beautiful Bill," economic justice advocates have sounded the alarm.
House Ways and Means Committee Chair Jason Smith (R-Mo.) scheduled a Tuesday afternoon hearing, shared 28 pages of legislative proposals for the reconciliation package, and positively framed the Tax Cuts and Jobs Act (TCJA) that congressional Republicans passed and Trump signed in 2017. The tax reform push comes just months away from parts of that law—which critics call the "GOP tax scam"—expiring.
"So far this costly bill appears to double down on trickle down, with huge tax cuts that will further enrich the rich and not much for the rest of us," said Amy Hanauer, executive director of the Institute on Taxation and Economic Policy (ITEP), in a Saturday statement. "What's more, many of the modest improvements for lower- and middle-income families are proposed to be temporary, whereas the benefits for the wealthiest are proposed to be permanent."
Hanauer's group specifically noted that "the 2017 changes to personal income tax rates and brackets would be made permanent," as would the deduction that individuals receive from "pass-through" businesses, which would also increase from 20% to 22%. Republicans also want to hike the estate tax exemption from $13.99 million per spouse to $15 million and have it continue to rise with inflation.
"The very generous version of a tax break for offshore profits (the GILTI deduction) would be made permanent, effectively taxing the foreign profits of American corporations half as much (at most) as their domestic profits are taxed," the think tank highlighted.
ITEP also flagged that "the 2017 change to the standard deduction would be made permanent, and a temporary four-year boost would bump it up to $16,000 for individuals, $24,000 for taxpayers filing as head of household, and $32,000 for married couples."
"The child tax credit would temporarily increase to $2,500 per child from $2,000 per child for four years, but 4.5 million citizen kids would lose access to the... CTC due to a requirement that both their parents have Social Security numbers," the group warned.
Chuck Marr, vice president of federal tax policy at the Center on Budget and Policy Priorities, similarly said in a series of Friday social media posts that the emerging "bill appears highly skewed to the wealthy, [with] several regressive expansions of 2017 tax cuts and full of costly timing gimmicks, while, despite their rhetoric, failing to deliver for millions of working-class families."
Like ITEP, Marr blasted House Republicans for their "glaring failure" on the CTC as well as for continuing to push the pass-through deduction and estate tax exemption, the latter of which he called "the most skewed provision of the 2017 law."
"On Tuesday, House Republicans in one committee will be taking away people's health insurance and in another taking away food assistance, while in a third they will be permanently increasing the amount the wealthiest heirs in the country can inherit tax-free," he said, stressing that the GOP aims to pay for its tax giveaways to the rich by gutting Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
"It also looks like House Republicans are repeating a brazen pattern from 2017: Make the provisions for rich people permanent (recall the 2017 massive corporate rate cut) while making the broader provisions temporary—backwards priorities," Marr declared.
"So tonight we've learned—despite all the Trump bluster—House Republicans are proposing more tax cuts for the wealthy, increasing its already bloated costs, while harshly failing to deliver for millions of families he promised to help," he concluded.
Smith's legislative text notably does not include letting the top tax rate revert from 37% to 39.6% for taxable income greater than $5 million for married couples and $2.5 million—an idea that Trump floated this week but, as NBC Newsput it, "is running into a buzz saw of opposition in the Republican Party."
Trump said on his Truth Social Platform early Friday: "The problem with even a 'TINY' tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming, 'Read my lips,' the fabled Quote by George Bush the Elder that is said to have cost him the Election. NO, Ross Perot cost him the Election! In any event, Republicans should probably not do it, but I'm OK if they do!!!"
While Trump's comments this week have generated headlines about the president proposing "to raise income taxes on wealthy Americans," ITEP's Steve Wamhoff and Carl Davis argued in a blog post that "nobody should be deceived: The wealthiest taxpayers got enormous tax breaks from Trump's 2017 law and are getting additional large tax breaks in what Trump and Republicans are proposing now."
"We need legislation that requires rich people to pay more taxes, not less," they added. "The Republican legislation will do the opposite, regardless of whether or not Congress includes this latest suggestion from Donald Trump."
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Analysis of Lobbying in 2024 Shows Clear Target: A Tax Code Forever Favorable to Corporations
"Conversations on Capitol Hill about federal tax policy were dominated by those representing corporate and wealthy interests," said one leader at Public Citizen.
Apr 10, 2025
As the GOP forges ahead with a tax plan that would disproportionately benefit the wealthy, the watchdog Public Citizen published a report Thursday which found that the vast majority of tax lobbyists' work in 2024 was done on behalf of corporate clients.
Although the Republican tax and spending bill is taking shape in 2025, not 2024, Public Citizen's report suggests that the general thrust of the tax bill—tax cuts that disproportionately benefit the rich and could lead to a massive slashing of programs including Medicaid—can be explained in part due to the power of corporate lobbying.
"Conversations on Capitol Hill about federal tax policy were dominated by those representing corporate and wealthy interests," said Susan Harley, managing director of Public Citizen's Congress Watch division, in a statement Thursday. "The Trump-Republican tax proposal is a policy of the rich, by the rich, and for the rich."
Republicans are aiming to extend expiring provisions of President Donald Trump's 2017 Tax Cuts and Jobs Acts (TCJA), and also enact additional cuts. On Thursday, the Republican-controlled House of Representatives approved a budget blueprint that gets the GOP one step closer to securing the spending and cuts sought by Trump.
According to Public Citizen's report, most of the corporations and corporate trade associations that were the largest hirers of tax lobbyists in 2024 lobbied specifically on the TCJA.
Most of the TCJA's provisions that impact businesses, like cutting the top corporate income tax rate from 35% to 21%, do not expire—though Trump has said that he would like to see the corporate tax rate further cut, to 15%.
In its analysis, Public Citizen also highlighted that a deduction for "pass-through" businesses—whose owners report their share of profits as taxable income under the individual income tax—is set to expire, though pass-through businesses on average tend to be smaller businesses than their counterparts who pay corporate income tax. Pass-through businesses include sole proprietorships, partnerships, limited liability companies, and S-corporations.
To compile its report, Public Citizen searched all federal lobbying disclosures for 2024 to compile a list of all lobbyists who indicated that they lobbied on "tax issues" (the report notes how they define lobbying on "tax issues").
More than 6,000 lobbyists swarmed Capitol Hill in 2024 to lobby on tax issues, the group found, which amounts to nearly half of all federal lobbyists. Public Citizen highlighted that by comparison, there are only 535 members of Congress.
Out of the top 100 entities hiring the most lobbyists to work on tax issues in 2024, all but two represented corporate interests, according to the report.
The corporate trade group the U.S. Chamber of Commerce topped the list with 99 lobbyists. Other top hirers of tax lobbyists included the telecommunications company Verizon and the global financial technology platform Intuit.
However, according to Public Citizen, counting the number of unique lobbyists does not reveal the "true scope" of lobbying taking place. For example, five new corporations could start lobbying on the same tax issue, but if they hired a lobbyist who had already been working on that tax issue, looking at the individual number of lobbyists would not register this increase in lobbying activity, per the report.
That means that counting the number of "unique lobbyist client relationships" reveals a more accurate picture of lobbying activity.
According to the report, clients sent more than 10,500 lobbyists to influence tax issues on average for each quarter in 2024, and more than 85% of those lobbyists represented corporate interests each quarter.
The report notes that "many of the 15% of entities categorized as not representing corporate interests are likely not lobbying against such interests. Our methodology is conservative. Many nonprofit hospital systems, for example, operate similarly to for-profit entities."
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