Professor Steven Pressman evaluates President Trump’s new tax plan

Donald Trump’s Tax plan does none of the things he claims, says Professor Steven Pressman in his latest op-ed published on The Conversation site.

In response to Trump’s “middle-class miracle” tax plan announced on September 27th, Pressman deems the plan “not fit to become law of the land because it will enrich the rich, explode the deficit and hurt many middle-class Americans.” His article then delves into the details of the three main changes to the current tax code: repealing the estate tax, simplifying the individual tax code and slashing the rates corporations pay.  In order to pay for the cuts, according to Pressman, economic growth would have to reach two percentage points above the highest rate achieved over the past 75 years.

Read the full article here