September 6, 2017

Quartz: The Smart Tax-Reform Idea Aimed at Democrats That Will Also Rile Republicans

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The Republican proposals include provisions that would lead to huge reductions in taxes paid by the wealthiest Americans—an estimate from the non-partisan Institute on Taxation and Economic Policy suggests the top 1% of earners would receive 60% of the cut. The argument for such cuts is not compelling. Wealthy Americans already pay less than their counterparts in other developed countries, and there is little evidence that lowering their taxes increases economic growth in a way that helps the broader populace. Read more



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