Millennials Must Resist Trump's 'Trickle-Down' Tax Reform

Read Original Article
Photo: Shutterstock
Media Outlet: The Hill

Reid Cramer wrote for The Hill about the Trump administration’s tax plan, which he believes will increase inequality and irresponsibly hand the bill to millennials and their younger siblings:

The administration has decided to tout its tax reform proposal as “the biggest of all time,” but it is also irresponsible and ill-conceived. The country — and their elected leaders in Congress — should resist.
Of course, there is no question that our tax code is in need of a major restructuring. It was last substantially overhauled in 1986, and in the intervening years, we have eroded the tax base with a series of credits, deductions and preferences that add up to nearly $1.6 trillion in annual tax expenditures.

Author:

Reid Cramer is director of the Millennials Initiative at New America. Previously, he served as the Asset Building program's research director and as a co-director of New America's Next Social Contract Initiative.