Economists warn that the 47th president’s new tax law, now in effect as the 2026 filing season begins, entrenches economic inequality by delivering the largest benefits to the wealthiest Americans while raising taxes and cutting supports for low-income households. Analyses show Black families are disproportionately harmed, as the law expands tax breaks tied to wealth and inheritance while offering limited, often inaccessible relief to working-class and poor households.
Tag: Black taxpayers
Posted inAfro Briefs
Color of Change urges caution for Black taxpayers this season
As the April 15 tax deadline nears, Color of Change Executive Director Portia Allen-Kyle is warning Black taxpayers about systemic inequities in the tax system and urging them to take advantage of the free IRS Direct File program. She highlights how tax policies disproportionately burden Black communities while benefiting the wealthy, calling for action to challenge exploitative tax practices and structural injustices.
Posted inBaltimore Community
Unmasking the inequality and flaws in the income tax system
The U.S. tax system is often criticized for its lack of fairness, with low-income taxpayers facing more difficulty navigating the system due to unstable housing, unreliable internet access, and higher audit rates for Black taxpayers.