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.
There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
A recent Gallop poll shows Americans have a more positive view of income taxes than they have had in recent years (and the general view is more positive than you might have thought).
In response to the question, "Do you consider the amount of federal income tax you have to pay as too high, about right, or too low?", a majority (51%) thought it was either too low or about right (with 48% saying that it was about right):
Meanwhile, in response to the question, "Do you regard the income tax you will have to pay this year as fair?", a solid majority continued to say that it was fair:
I am not quite sure what to make of the fact that the percentage of people saying that their taxes are "fair" is ten to twelve points higher than the percentage of people saying that the amount they pay is "about right." Gallop claims that people are more likely to think that their taxes are "fair" during wartime. Go figure. --CS