Economics, Econometrics and Finance
8 years ago

Tax cuts benefit the wealthy, worsen income inequality in the US.

Fairness in Tax Policy: Testimony Before Subcommittee on Financial Services and General Government, House Appropriations Committee
Leonard E. Burman

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The testimony discusses how the federal tax system affects income inequality. Recent tax cuts have mainly benefited high-income individuals, making the tax system less fair. It's unclear how these tax cuts will impact economic burdens in the US.