Trump's Tax Proposal Impacts Income

This is a U.S. news story, published by Common Dreams, that relates primarily to Donald Trump's news.

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corporate tax rate

Common Dreams

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Trump's corporate tax plan would make the bottom half of U.S. income distribution poorer, economists say

Summary

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74% Informative

Donald Trump's proposal to reduce the U.S. corporate tax rate from 21% to 15% would make the bottom half of the nation's income distribution poorer while boosting the fortunes of those at the very top.

If implemented, the economists found, Trump 's plan would "modestly reduce" GDP, decrease government revenue, and "significantly increase inequality" Kamala Harris' plan would increase the share of income earned by the bottom 50% of the distribution by about 1.7% , compared to current policy.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful