Indivisible Austin has filed a Freedom of Information Act request with the U.S. Department of Treasury to demand answers for how Trump’s tax cut will benefit Austin’s wealthiest corporations.
The request, filed with the Office of Tax Policy, seeks any internal documents related to “projections, forecasts, and evaluations made by the OTP of expected changes to the Austin MSA’s tax revenue as a result of the implementation of the Tax Cuts and Jobs Act.”
“The Trump tax law takes hard-earned tax dollars from middle-class families and gives them to the wealthiest Americans,” said Lisa Goodgame, Board President of Indivisible Austin. “If Steve Mnuchin and the Treasury have information on how this corporate giveaway will impact Austin residents, then Austin residents deserve to know, too.”
As one of the biggest tax cuts in American history, Trump’s $1.5 trillion tax cut is especially benefiting corporations, commercial real estate interests, and private equity managers, among others.
The tax cut comes as Austin City Council deliberates whether to require private employers to provide mandatory paid sick time to Austin families. According to the Work Strong Austin coalition, an estimated 37% of Austin residents do not receive paid sick time from their employer. The vote is currently scheduled for February 15, 2018.