New tax plan only more of the same

Richmond Times-Dispatch - - EDITORIAL PAGE -


There is broad agree­ment that our tax sys­tem is bro­ken and in need of re­form. We see how big com­pa­nies dodge taxes, of­ten us­ing com­plex ac­count­ing tricks to hide their money off­shore.

But the new tax plan re­leased by Congress would only be more of the same. Pres­i­dent Trump and many con­gres­sional Repub­li­cans have touted this new plan as a tax cut for mid­dle class fam­i­lies, where in re­al­ity the ma­jor­ity of Amer­i­cans would be get­ting the raw end of the deal. In­stead of fix­ing the prob­lems that al­low com­pa­nies to dodge taxes, it would keep off­shore in­cen­tives in place and re­ward the big­gest tax dodgers with steep dis­counts on the taxes they owe. Mean­while, lo­cal small busi­nesses would need to com­pete against larger com­pe­ti­tion while pay­ing higher tax rates.

This is un­ac­cept­able. We must stand for a fair and eq­ui­table tax code that works for every­one. To­gether we can make our voices heard by telling our

rep­re­sen­ta­tives in Congress that we op­pose this new plan and that we need to work to­ward a tax sys­tem that starts with every­one play­ing by the same rules.


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