Samantha Jacoby

Tax cuts for wealthiest estates were set to expire on 12/31/25 Tax cuts for those making over $25M were set to expire on 12/31/25 Tax cuts for health care for 22 million in working families were set to expire on 12/31/25. Trump Budget allowed only this one to expire.

No matter the spin - research has shown over and over again that work requirements do not increase employment. They do not increase earnings. They just cut people off from the support they need to meet their basic needs. cbpp.org/blog/most-work…

Eliminating multi-language services would make it harder for taxpayers to comply with their tax obligations, set honest taxpayers up to fail and needlessly put tax revenue at risk. The IRS should not move forward with this harmful idea that has no sound tax administration purpose

An overlooked example of the harmful impacts of IRS cuts is the suspension of the Joint Statistical Research Program, which allows researchers to work with IRS tax data under strict privacy protocols to answer important economic questions and shape tax policy.

Remember that $500k of GAIN from home sales is ALREADY tax free. That means that this would be, yet again, another huge tax cut that only benefits the rich. At some point, can we stop pretending Donald Trump is a "populist"?

For many of us who would like to buy a home, interest rates are a big part of the problem and another deficit-financed tax cut package is not going to help with that. Many homes where I'm able to afford the down payment after years of saving, but not the monthly payment.

The median sales price of a home is ~$400k. A married couple's first $500k of cap gains on a home is tax free and the tax applies just to the *gain* not the home sale. So a couple bought a home for $200k and it's now worth $600k--there is only $400k of cap gains so tax free.

Let's put the $3.4 trillion cost of Republican reconciliation law in context. The tax cuts are so costly that Republicans could have extended all of the expiring tax cuts for families (including millionaires) without cutting SNAP/Medicaid...and it would have cost *less*.

Final CBO score of the "big beautiful bill" is out Biggest Medicaid cuts ever - in fact, 4 times the size of the previous biggest; $894-$990 bn Kicks 10 million off health insurance Biggest SNAP cuts ever, $187 bn Still increases deficit by $3.4 trillion from huge tax cuts

We are excited to launch a project to remake federal tax administration. Effective tax administration is critical to the federal government, but has faced drastic challenges over the last six months.

By approving the Administration’s rescission package, as is widely expected, congressional Republicans are sabotaging the bipartisan funding agreement reached just months ago & poisoning the well for future deals. cbpp.org/blog/rescissio…

Reminder – Republicans say they’re targeting mythical able-bodied men playing video games, but they actually wrote a law that specifically targets and takes food away from parents, veterans, people facing homelessness, and older workers who face complications finding jobs.

This piece confirms grave risk to all taxpayers from DHS efforts to get its hands on legally protected IRS data, risking targeting of US citizens, mistaken arrests, and rampant violations of privacy rights and civil liberties

Thread: By @JStein_WaPo anti-tax interests want the Trump IRS to give an unlawful tax cut to wealthy people via executive fiat. Just the tip of one of two big icebergs of tax cuts for special interests coming for the tax system. washingtonpost.com/business/2025/…

Not even a week after signing a giant tax cut for rich people, the Trump Administration is considering an executive order that would deliver a giant capital gains tax cut...which is another giant tax cut for rich people. washingtonpost.com/business/2025/…

That just about sums it up.

Something really harrowing about watching so many people cheer for millions of people losing their health insurance. Just a fundamental, unbridgeable disagreement in morality.