For Immediate Release: September 27, 2017
Contact: Karen Conner, (202) 293-5380 x117
Washington D.C. — CEPR's Dean Baker issued the following statement on the GOP tax proposal:
"Many key features of this plan are still missing. For example, it says it will limit the corporate interest deduction but it doesn't say how. It also promises that unspecified I.R.S. measures will prevent rich people from gaming dodging or skirting the proposed 25 percent maximum tax rate on business pass-through income. This is after Republicans have spent two decades gutting the I.R.S enforcement capacity. While the intent to benefit the wealthy is clear, there is little or nothing in this proposal for most taxpayers."