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About a year after taking office in 2017, President Donald Trump signed a series of large tax cuts, including reductions in upper-bracket rates, in the estate tax, and in the corporate income tax. Critics, including many Democrats, argued that these tax cuts were excessive in magnitude and regressive in their distributional impact. Why did they say that? Do you agree more with President Trump or with his critics?

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Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992

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Section
BuyFindarrow_forward

Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 17, Problem 2DQ
Textbook Problem
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About a year after taking office in 2017, President Donald Trump signed a series of large tax cuts, including reductions in upper-bracket rates, in the estate tax, and in the corporate income tax. Critics, including many Democrats, argued that these tax cuts were excessive in magnitude and regressive in their distributional impact. Why did they say that? Do you agree more with President Trump or with his critics?

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