Trump's Rebate Plan Will Push America Toward a Hyperprogressive Tax Code
The president’s $300 billion tariff rebate plan risks replaying Bush-era giveaways—but on a scale large enough to fuel inflation and deepen the deficit.
The president’s $300 billion tariff rebate plan risks replaying Bush-era giveaways—but on a scale large enough to fuel inflation and deepen the deficit.
Commerce Secretary Howard Lutnick says the Trump administration wants to eliminate income taxes for those making $150,000 or less—an unprecedented shift with major consequences.
America’s tax system is already highly progressive. A simpler, flatter structure would be fairer, raise more revenue, and fuel economic growth.
The high cost of complying with our tax code encourages wasteful tax avoidance strategies and distorts work and investment decisions.
DeSantis says the new, single tax rate would mean "lower taxes for everyone" but that only demonstrates that he hasn't thought too deeply about how a flat tax would work.
The former governor argues that beating up on businesses "is only sharpening the knife that the left will eventually use on us."
The former governor argues that beating up on businesses "is only sharpening the knife that the left will eventually use on us."
They also say it is not the responsibility of the government to reduce the differences in income between people.
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