Tax reform plan would give majority of tax cuts to to wealthiest 1 percent
Oct. 3, 2017
The new tax plan proposed by the Trump administration offers a wide range of tax cuts, most of which are reserved for the wealthiest 1 percent of Americans.
The plan also aims to cut the corporate tax rate to 20 percent, repeal the estate tax and reduce the number of tax brackets. Some economic analysts believe the plan disproportionately favors the wealthy, and could potentially hinder the economy’s growth. Rounds Consulting President Jim Rounds believe that without offering more cuts for the middle class, the tax plan could see serious pushback from voters. There is time for compromise, Rounds said, as the plan is still in its early stages.
In this segment:
Also in this episode:
SPOTLIGHT
STAY in touch
with azpbs.org!
Subscribe to Arizona PBS Newsletters:
Gifts presented by Arizona PBS
Dec. 30, 2024
Remembering the life of former President Jimmy Carter
Dec. 27, 2024
Journalists year in review 2024
Dec. 26, 2024
Economic Roundtable 2024
Dec. 19, 2024
The legacy of Senator Kyrsten Sinema
Dec. 18, 2024
Reflecting on 25 years of Tempe Town Lake
Dec. 18, 2024
Supporting children in the foster care system
Dec. 13, 2024
Journalists’ year-end roundtable: Top news highlights
Dec. 12, 2024
Trump’s plan for birthright citizenship
