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.