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Republican tax bill is a boon to the rich

Richard Reeves, senior fellow in Economic Studies, discusses the Tax Cuts and Jobs Act of 2017 and the political machinery behind it. Reeves is critical of the bill, which he says benefits the wealthy while doing little for the middle class.

Related content:

Trump’s tax bill has nothing to do with economics. It’s brute force politics

How the tax bill will penalize wage earners, in one chart

The new tax plan is the worst Christmas present for the middle class

 

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