President-elect Trump was elected, in part, thanks to the support he received from families who work the hard jobs in this country. As he works on the details of major tax reform, his administration needs to look to tax proposals that will help “the forgotten man” who works the line, goes down the mine and wakes before the sun.
The general outline of Trump’s tax proposals is in concert with the good ideas put forward by Congress, especially the House Ways and Means Committee: Lowering rates for individuals (especially the middle class), small and medium businesses organized as pass-throughs, and corporations (coupled with international tax reform). All these are important and useful, but give little sizzle to the steak. Little of this will sing for those working families who were critical to Trump’s victory.
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