Jake Johnson is a senior editor and staff writer for Common Dreams.
Republican presidential nominee Donald Trump 's proposal to further 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, according to an analysis published Thursday by economists at American University.
GDP, increase federal revenue, and 'decrease inequality, reducing the share of income earned by the top 5% of the distribution by about 1% and increasing the share of income earned by the bottom 50% of the distribution by about 4.7%, compared to current policy.
Election 2024 Inequality Kamala Harris Republican Party Taxation Wealth Inequality Working Class Corporate Tax Cuts
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis Shows Trump Loyalists Have 'Infiltrated' Election Boards in Key StatesEdward Carver is a staff writer for Common Dreams.
Read more »
Harris vs. Trump: New presidential poll shows Harris blowing away Trump with key white groupNPR survey comes out just before Tuesday night's crucial debate
Read more »
Harris vs. Trump latest poll: Trump’s favorability rating higher than Harris, poll showsTrump is currently viewed better than he was at similar points in 2020 and 2016 campaigns, Gallup said.
Read more »
'Trump will be Trump': Morning Joe previews Harris-Trump debateThis is additional taxonomy that helps us with analytics
Read more »
AI Voice Analysis for Diabetes Screening Shows PromiseThe artificial intelligence algorithm based on voice analysis showed 'excellent agreement' with the American Diabetes Association type 2 diabetes risk test.
Read more »
New analysis shows where homelessness is rising and falling in CaliforniaToday on AirTalk, new analysis from CalMatters finds that homelessness is continuing to grow in California, but at a slower rate.
Read more »