Between The Lines’ Scott Harris spoke with Matthew Gardner, senior fellow with the Institute on Taxation and Economic Policy, who assesses the winners and losers in the Republican tax reform plan, and the real world track record which proves that trickle-down economics is a lie.
MATTHEW GARDNER: The plan we’re looking at right now, as following a long tradition of Republican tax cut plans, is very specific on the details of which tax rates will be cut and which taxes will be repealed. The estate tax, gone. The corporate alternative minimum tax, which is designed to make sure that all corporations pay at least something, gone. The basic corporate income tax rate would be sharply reduced from 35 percent to 20 percent. Read more