Stiglitz on Trump's tax reforms
Winner of the 2001 Nobel Memorial Prize in Economics Joseph Stiglitz, a member of the Independent Commission for the Reform of International Corporate Taxation (ICRICT) published an opinion editorial in The Guardian, about Donald Trump’s Tax Reform plans.
Titled “Trump's tax reforms are a bigger gift to business than most expected”, the article explains how “the Republicans’ proposals dodge necessary changes and will leave the country with a mountain of debt”.
“What Trump and the Republicans are offering in response to the challenges is a tax plan, Stiglitz analyses, that provides the overwhelming share of benefits not to the middle class – a large proportion of which may actually pay more taxes – but to America’s millionaires and billionaires. If inequality was a problem before, enacting the Republicans’ proposed tax reform will make it much worse.
Picture courtesy of Columbia University