Trump is floating another tax cut. But the last thing we need is more breaks for the rich.

Steve Wamhoff Opinion contributor
USAToday
November 14, 2019

Why is it so important that the rich pay more? Those at the top benefit much more from all the public investments we finance with our tax dollars

President Donald Trump has again hinted that another tax cut may be on the way. It does not appear he has any actual plan to provide one, which is fortunate given that any revenue proposal from this administration would be engineered to solve a problem that does not exist — the over-taxation of the rich.

Anyone who tells you this is a real problem is either misinformed or dishonest. Emmanuel Saez and Gabriel Zucman, economists from the University of California, Berkeley and who are famous for exposing growing inequality in America, have a new book debunking this myth. While the wonks have responded by debating the finer points of how we should measure income and taxes, their book — “The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay” — provides undeniable proof that the rich are taking home more and more of the former without paying a Draconian amount of the latter.

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Article URL : https://www.usatoday.com/story/opinion/2019/11/14/rich-americans-not-overpaying-taxes-no-more-trump-cuts-column/2576657001/

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