July 31, 2017

Utah Public News Service: Trump’s Economic Policies to Increase Economic Inequality

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The Trump administration’s tax proposals would not benefit all taxpayers or states equally, according to new analysis from the Institute on Taxation and Economic Policy.

Matt Gardner, a senior fellow with the institute, says the richest 1 percent of taxpayers would receive more than 60 percent of the tax benefits.

He adds that poorer states, largely in the South and Southeast, would get a portion of the tax cuts lower than their share of the U.S. population.

“Richer states tend to do better, poorer states tend to do worse – in a way that mirrors what’s happening nationwide, with richer Americans getting the lion’s share of the benefits and poorer Americans being comparatively left out in the cold,” Gardner states. Read more



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