, , , , , ,

If the administration is serious about further reducing the tax burden on the middle class, the easiest and most effective solution is to walk back…misguided tariffs and avoid imposing additional trade policies that would further increase taxes and destroy jobs.”

Scott Hodge, President, Tax Foundation, October 30, 2018


Size of proposed Trump administration middle-class tax cut: 10 percent

Tax Foundation estimate of bite on after-tax middle-class incomes from all current and threatened Trump tariffs: 1.37 percent


(Sources: “Trump wants to cut middle-clas taxes. The easiest solution? Repeal Tariffs,” by Scott Hodge, Washington Examiner, October 30, 2018, https://www.washingtonexaminer.com/opinion/trump-wants-to-cut-middle-class-taxes-the-easiest-solution-repeal-tariffs)