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This report, co-authored by Katy Milani (Roosevelt Institute, https://rooseveltinstitute.org), Melissa Boteach (NWLC), Steph Sterling (Roosevelt Institute), and Sarah Hassmer (NWLC), discusses how low taxes for the wealthy and corporations have played a role in enabling – and in some cases encouraging – those with the highest incomes and the most capital to accumulate outsized wealth and power in our economy. Centuries of discrimination and subjugation of women and people of color interact today with widening income inequality, such that white, non-Hispanic men are disproportionately represented among the wealthiest households, while labor and economic contributions from women of color are consistently undervalued. An agenda to advance racial and gender justice must reckon with provisions in our tax code perpetuate and enable these inequities.