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Letter: Trump's tax reform would hurt the poor

Published May 11, 2017 5:00 am
This is an archived article that was published on sltrib.com in 2017, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

President Trump's recent plan for tax reform gives huge tax cuts to corporations and the very rich. Totally forgotten are hard-working Americans at the bottom, those who can't take a mortgage interest deduction because they don't own a home. Those not from wealthy families (like the Trump children) and won't be getting a massive, untaxed inheritance.

Taxpayers fund over $400 billion in tax incentives to help wealthier Americans build more wealth. But nothing exists to help lower-income workers save.

Trump's plan would make things worse. His tax proposal would widen the gross wealth inequality that already exists.



In 2013, the top one percent owned 40 percent of the nation's wealth and the bottom 40 percent owned almost nothing.

Please join me in calling Sen. Orrin Hatch and Sen. Mike Lee and asking them to work for tax reform that is fair for everyone, especially those at the bottom working to build a better life.

Debbie Baskin

Salt Lake City

 

 

 

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