The Consequences Of Trump Tax Cuts

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The first article essentially argued that Trump tax cut benefited no one and had very little public support. It stated that the GOP proposed tax reform would raise taxes on most individuals including the middle class, add 13 million Americans to the ranks of uninsured all to pay for corporate tax cuts. After making these points, the article shifted gears into discussing how even CEO’s don’t support the idea. This is because they understand that changing tax rates is not that important a factor in business investment. Therefore, a huge tax cut would not lead to more spending. In this paradigm, the tax proposal just seems as a way for the rich to get rich. Even in its most ideal form Krugman argues that Trump Tax cut would have devastating consequences

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