Left Hook contributors focus on critical analysis of the Trump administration’s economic policies, explaining threats to our economic future, and advancing alternative policy approaches in terms that are accessible to all.
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.
Here are three views of the bill's horrific distributional consequences.
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
Even the stand-alone No Tax on Tips Act would do far too little to better the lot of low-income workers, even tipped workers.
Republicans want to make it even harder for low-income people to get health care.
