The Plot Against America’s 99%
— November 6, 2017
By Nouriel Roubini
Worse still, the Republican plan is designed to funnel most of the benefits to the rich. It would lower the corporate tax rate from 35% to 20%, reduce the tax on capital gains (investment profits), eliminate the estate tax, and introduce other changes that benefit the wealthy.
Like the Republicans’ health-care proposals, their tax plan offers little to struggling middle- and working-class households. Trump continues to govern as a pluto-populist – a plutocrat pretending to be a populist – who has not hesitated to betray the people he conned into voting for him.
Read the full article as published in Project Syndicate.
Nouriel Roubini is a Professor of Economics and International Business and the Robert Stansky Research Faculty Fellow.