November 7, 2019

Capitol and Main: Trump Boasts of Economic Growth as Inequality Deepens

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A second term for Trump would likely mean a doubling down on his inequality exacerbating tax and regulatory agenda.

“There will be more tax cuts and further inequality,” said Steven Wamhoff, the director of Federal Tax Policy at the Institute on Taxation and Economic Policy. Republicans have already proposed legislation to make Trump’s 2017 tax cuts permanent because many provisions will otherwise expire at the end of 2025. While the bill would protect cuts for low- and middle-income households, it would mainly benefit the richest fifth of Americans.

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