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Taxes Lesson 2: Taxes and the Gap

The slides will advance themselves on a timer, but you can use the controls at the bottom to pause, skip ahead, or repeat something. Make sure to turn up your volume to hear Leslie G. Woods explain the ways tax cuts and tax credits affect our tax system’s degree of equity.

 

“These programs are so incredibly important for keeping children out of poverty; child poverty in this country (to my mind) is an absolute travesty. There is absolutely no excuse in this wealthy nation that children should grow up poor and hungry. None.”

In this lesson, you will learn about the inequity of our current tax system. You will hear Leslie G. Woods (Domestic Poverty Representative, Presbyterian Church USA) detail the ways tax cuts shortchanged our society’s investment in the future, observe the way low rates on capital gains have further exacerbated the income gap, and understand why the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) are so essential for working families.