Saving America from Trump’s Tax Reform
In principle, US President Donald Trump and his fellow Republicans were not wrong to pursue corporate-tax reform, with the goal of boosting US competitiveness. But, at the behest of the party's donors, the legislation they enacted will increase inequality, impede growth in the most productive states, and blow up the federal budget.
https://prosyn.org/pxdbiIj
BERKELEY – US President Donald Trump and congressional Republicans had an opportunity – and a responsibility – to reform the US tax code to address three major economic challenges: slowing growth, rising inequality, and a looming fiscal crisis. Sadly, they shirked their responsibility by passing a bill that squandered this opportunity.