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.
Peter Rachleff teaches U.S. history at Macalester College in St. Paul, Minnesota. For the past eight years, he has been the chair of the Meeting the Challenge Committee. He is the author of Hard-Press
