Economics, Econometrics and Finance
3 years ago

Tax cuts for the wealthy widen income inequality, harm democracy.

2 views
Florida Tax Review
Making Tax Policy Great Again: America, You've Been Trumped
Phyllis C Taite

Paper Summary

Tax policy should benefit most people, not just the wealthy. The Tax Cuts and Jobs Act (TCJA) claimed to help everyone, but mainly benefited the rich. Wealth inequality is worsened by tax policies that favor the wealthy. Shifting tax responsibility to the wealthiest can provide relief to middle- and low-income taxpayers.

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