Watch: Committee President Maya MacGuineas Testifies on Taxation of Corporations and the Wealthy

On March 25, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the Senate Budget Committee on whether wealthy taxpayers and corporations should pay higher taxes and how those policies could help the country’s fiscal outlook. Her testimony highlighted ways to make the federal tax code more progressive and why the cost of new initiatives should be fully offset instead of financed through borrowing. While the wealthy and corporations should pay their fair share in taxes, there is only so much revenue that can come from them. To pay for costly new proposals like a Green New Deal or Medicare for All, broad-based taxes and spending reforms will almost certainly be needed. 

You can view the hearing here.

The full written testimony is available here.