Policymakers and the public should understand that the 2017 Trump tax law was skewed to the rich, was expensive and eroded the U.S. revenue base, and failed to deliver promised economic benefits. A 2025 course correction is needed.
The US has surpassed pre-Revolution France in terms of wealth inequality, and still the only major legislative achievement of the Trump administration was to slash their tax bill yet again.
The US has surpassed pre-Revolution France in terms of wealth inequality, and still the only major legislative achievement of the Trump administration was to slash their tax bill yet again.