Alan Greenspan

A middle-class tax cut? Hardly.

A middle-class tax cut? Hardly.

President Trump and his Republicans are still trying to sell their tax bill as a “middle class tax cut.” The middle class isn’t buying it—but that won’t stop Congress from passing some version of their plan.

The GOP’s tax proposal was always going to be a hard sell. Its centerpiece is a deep reduction in corporate taxes when most Americans think corporate taxes should go up, not down.

Even before the House and Senate unveiled their bills, about half of registered voters disliked what they were hearing, according to public opinion polls. Only about a third — essentially, the Republican base — said they favored the plans.

After weeks of salesmanship by the president and...

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