Trump’s tax cuts proved disastrous, but one policy was a boon for #workingclass: The 2017 #TCJA nearly DOUBLED the standard deduction for fed income taxes, which is good news for low- and middle-income filers. Now, it's set to expire. See our NEW brief: i.mtr.cool/bpfsghqgys

Working-class households should not have to turn to the costly & sometimes unregulated tax preparation services. Errors result in major headaches for filers *and* the IRS alike. Read👇🏽: i.mtr.cool/otqyimgjsz

#Taxday advice (for Congress): don't let the higher standard deduction expire next year. The 2017 TCJA's higher standard deduction clearly benefitted low-income (under $75K) US tax filers. Ex: Couples making $25-30k saved 3.7% of their income. i.mtr.cool/anxjssspdn

44.5% of married filers in the $75K–100K range opted to itemize in 2017, while only 5% itemized in 2021. The higher standard deduction means millions of working-class families no longer need to pay for costly, potentially unregulated, tax prep services. i.mtr.cool/bepjiaxmra

NEW: The US jobs recovery surpassed expectations with ✨5.8M more workers ✨employed above its pre-pandemic level. The CBO thought we'd only see this many jobs by 2029, but the labor market said, "Hold my beer." Dean Baker and Alex Richwine explain: cepr.net/job-growth-sin…

"The Mandate for Leadership suggests that a second Trump administration would not pursue student debt forgiveness, allowing the crisis to worsen at the expense of so many struggling Americans," warn experts at CEPR. commondreams.org/news/trump-stu…

NEW: The business of #endowment funds is murky and worthy of public scrutiny—we should expect better transparency from universities. 👇Read more from Alex Richwine and Dean Baker on how university endowment funds waste money: i.mtr.cool/qxlnqxtfgo