October 02, 2017

It's Not a Tax Cut — It's Generational Theft

By Neal Urwitz

Hey Baby Boomers — if you could stop stealing from my generation, we’d really appreciate it.

To be clear, I’m referring to President Trump’s tax-cut proposal. His proposal, if enacted, would increase the federal government deficit by trillions of dollars. Sure, the administration claims it’ll be revenue neutral, but there’s no way that’s true. The plan preserves popular — and expensive — deductions like the home mortgage interest deduction and the charitable deduction. It slashes corporate tax rates and taxes for the wealthiest Americans.

Read the full op-ed in Newsmax.