Contrary to the “there’s no difference between the two parties” nonsense, the core of GOP tax policy since the 1970s has been tax cuts for the rich — paid for by cutting benefits for everybody else and increasing deficits. Despite Trump’s faux-populist rhetoric, his tax proposal is right-wing orthodoxy. Now he seeks to dress this up for the general election, consulting far-right spin-masters (Paul Krugman aptly sending in the clowns).
Do not be deceived. Tax policy is a fault line distinguishing the two parties, having a large (albeit slow) effect on the evolution of American society. From the US Tax Center (no relation to the IRS), it gives a clear comparison of the Clinton and Trump tax plans (as they are now; they’ll change).
For More Information
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- We already have a “flat-ish tax” system.
- Jared Bernstein examines the economic impact of raising taxes on high-income households.
- Are Americans over-taxed?