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There’s one really good reason middle-class Americans should hope Trump fails on tax reform
|04/21/2017||Posted by BusinessMediaguide.Com under General World News||
The failure of Trumpcare, and now an ill-considered attempt at reviving it, have indefinitely delayed the President Trump’s plans to reform the US tax system. For Wall Street, this is a source of trepidation. For Main Street, it’s really good news.
That’s because Trump’s tax plan overwhelmingly favors the rich, according to various independent analyses.
The Tax Policy Center in Washington says, “the plan would cut taxes at every income level, but high–income taxpayers would receive the biggest cuts, both in dollar terms and as a percentage of income.”
That would exacerbate a decades-long trend that has pushed US inequality to levels read more >>>