The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.
Edward Herman, a D&S Fellow, is an economist, media analyst, and a regular columnist for Z Magazine. His latest book (with Robert McChesney) is The Global Media (Cassell, 1997).
