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Trump’s Tax-Cut Scam Will Only Deepen Racism and Inequality

It’s not just that the law benefits the rich—it’s that in indirect ways, it could have devastating consequences for communities of color.

Katrina vanden Heuvel

June 26, 2018

Donald Trump speaks with reporters on December 22, 2017.(AP Photo / Evan Vucci)

EDITOR’S NOTE: Each week we cross-post an excerpt from Katrina vanden Heuvel’s column at the WashingtonPost.com. Read the full text of Katrina’s column here.

The six-month anniversary of the Tax Cut and Jobs Act passed last week with little fanfare. Despite Republicans’ dishonest spin, most Americans recognize that President Trump’s crowning legislative achievement was a plutocratic heist that will do nothing to help working people. Greedy corporations have used their windfalls to reward chief executives and stockholders, while workers’ wages have actually declined. Barely a third of Americans now support the law.

Yet the racial implications of Trump’s tax scam have been radically underreported and remain poorly understood. While fair tax reform could reduce the impact of structural racism in the economy, the law that Republicans passed in December will make it much worse.

That’s the conclusion of an important new report from economists Darrick Hamilton and Michael Linden of the Roosevelt Institute (where I serve on the board). As the institute has documented, the US economy is shaped by informal rules that create disparities that harm people of color in virtually every part of society. Many of these “hidden rules of race” can be found in the federal tax code.

Read the full text of Katrina’s column here.

Katrina vanden HeuvelTwitterKatrina vanden Heuvel is editorial director and publisher of The Nation, America’s leading source of progressive politics and culture. She served as editor of the magazine from 1995 to 2019.


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