The primary purpose of the U.S. tax system is to generate public revenue, but it also serves as a vehicle to advance public policy goals like savings and investment. The tax code includes provisions that incentivize taxpayers to take certain action - buying a home, or saving for higher education or retirement - by providing them with tax credits, deductions, exclusions, and preferential rates. These tax benefits, known collectively as "tax expenditures," reduce government revenues, disproportionately benefit wealthier households, and provide limited benefits for low- and moderate-income families and households of color.
In the context of current national debates over the federal budget and deficit reduction, deliberations about ways to reform the tax code - including discussions about the cost and benefits of various tax expenditures - are underway in Congress. These discussions provide a unique window of opportunity for advocates to call for a more inclusive, progressive, and equitable tax code - one that provides fair benefits to all U.S. households.
This webinar will feature presentations from stakeholders deeply engaged in advancing a range of tax policy solutions, with a particular focus on the policy agenda emerging from the Tax Policy Advisory Group of the Asset Funders Network/Tax Policy Project.
A Philanthropy New York Collaborative Program with the Asset Funders Network, co-sponsored by the EITC Funders Network, Funders' Network for Smart Growth and Livable Communities, Grantmakers Concerned with Immigrants and Refugees, Grantmakers Income Security Taskforce, Grantmakers for Children, Youth and Families, Neighborhood Funders Group, and Workforce Matters.
- Chye-Ching Huang, Tax Policy Analyst/Federal Fiscal Policy Team, Center on Budget and Policy Priorities
- Kilolo Kijakazi, Program Officer, Ford Foundation; Co-Chair, AFN Tax Policy Project
- Justin King, Policy Director, Asset Building Program, New America Foundation
- Heather McCulloch (Moderator), Manager, AFN Tax Policy Project
All interested funders.
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