Tax Cuts and Jobs Act: United States

Abstract

In the United States today, the Hispanic population numbers more than 57 million, 18% of the entire population. The Hispanic community’s size, work ethic, and resilience have contributed to the national economic resurgence following the Great Recession. Nevertheless, nearly one in five Latinos live in poverty, compared to an overall national rate of 12.7%. Instead of helping those working hard and struggling to make ends meet, the new tax law, the Tax Cuts and Jobs Act (TCJA), provides a massive tax cut for the richest Americans and largest corporations while providing little help to working families.