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Is the GOP tax plan beneficial?

GOP is right to improve tax code

It's not, this move benefits the rich

 Getty: Chip Somodevilla / Staff

America should replicate the economic boom under Reagan by embracing the GOP’s new, more competitive tax plan, argues President Donald Trump in USA Today. It was smart regulations, which didn’t stifle or hold back businesses, that allowed the country to grow so fast so quickly. The GOP’s proposal works with this model, with the ultimate goal of improving the currently flawed system. It wants to lower taxes on the middle class. In fact, American households would see a benefit of $4000 per year each, according to President Trump. Allowing companies to thrive without burdensome taxes and regulations will allow the country to soar again.

Keep on reading at USA Today

While the country does need smart tax reform that makes life easier for its middle class, the GOP’s plan does not belong in this category, infer House of Representatives Democrats from Michigan in Detroit News. The vast majority of tax cuts would go to wealthy Americans, at the cost of making the national deficit balloon even further. At a time when income inequality is rampant, average Americans need help, not the rich. Eliminating things like the estate tax will only benefit those that are already well-off. The country needs to go the other way, by making it harder for the wealthy to avoid taxes as they currently do. The GOP’s plan is counterproductive.

Keep on reading at Detroit News
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