If the Republican tax bill is truly an attempt to solve the biggest economic challenge that policy makers face today — guaranteeing that working people benefit from a growing economy — it’s bound to be an utter failure.
Our economy is hugely dependent on consumer spending, and middle class consumers across the country are already walking an economic tightrope. You can’t spend what you don’t have. Congress ought to focus any tax reform on helping them; the Republican plan does not, despite its enormous price tag. And it does stunningly little to help people most in need while, for many families, it will do outright harm.
The final bill is little more than a stocking overflowing with goodies for multinational corporations at the expense of the middle class. It writes benefits for hard-working Americans in disappearing ink while the breaks for powerful corporations are etched in stone. Corporations will still get […]