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Although I shouldn't be surprised anymore, I was when President Trump announced his not even thinly veiled, self-serving tax cut.
After promising to cut middle-income taxes and target the rich, the opposite has again happened. Lowering the rates and eliminating the alternative minimum tax, the 3.8 percent tax on investment income and the estate tax all guarantee that the bulk of these tax cuts would go to the ultra-wealthy. A tax cut to get the economy going again - when we've had 82 straight months of private-sector job growth and unemployment now at 4.7 percent?
Contrary to what he proclaims, this tax cut will not pay for itself and add bigly to the deficit. Look no further than the Reagan and Bush tax cuts, or at what recently happened in Kansas.
Warren Gress Parker
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