Prosperity Now has released its 2020 version of the report: From Upside Down to Right-Side Up: Turning the Tax Code Into an Engine for Economic and Racial Equality.
As the authors explain:
Upside down provisions within the tax code are designed in ways that overlook or lock out communities of color, widening inequities facing these communities. For example, in From Upside Down to Right-Side Up, we look at new estimates by the Institute on Taxation and Economic Policy (ITEP) on the Mortgage Interest Deduction (MID)—which last year cost the government $25 billion and is only available to those that itemize their deductions…
Still, not all tax provisions are upside down. In our report, we show how the Earned Income Tax Credit (EITC) can be held up as an example of how to create tax policy that benefits low- and moderate-income households and households of color.