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.
Jeannette Wicks-Lim is an economist and research fellow at the Political Economy Research Institute at the University of Massachusetts-Amherst. She specializes in labor economics, with an emphasis on
