Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Never has a piece of legislation labeled as both a tax cut and a reform been received with as much disapproval and derision as the bill passed by the U.S. Congress and signed into law by President Donald Trump just before Christmas.Rather, the bill wraps into one package all that is wrong with the Republican Party, and to some extent, the debased state of American democracy.The U.S. tax code was already regressive long before Trump's presidency.The new legislation makes America's tax system even more regressive.Much of the complexity and distortion in the U.S. tax code arises from different types of income being taxed at different rates.Special tax breaks for the real-estate sector may help Trump and his son-in-law, Jared Kushner, but it does not make America great or competitive.Other new provisions will also hurt the U.S. economy.No Republican believes the party can get away with it more firmly than Trump does.Trump's tax legislation also attests to many Republicans' belief that dollars are more important than voters.
Trump’s deficit economy leaves a lot to worry about
Thumbs-down to Facebook’s cryptocurrency
After neoliberalism, progressive capitalism
FOLLOW THIS ARTICLE