Statement on Trump’s Tax Plan

By Marshall Steinbaum |

Senior Economist and Roosevelt Fellow Marshall Steinbaum’s statement on Trump’s tax plan:

Trump’s proposal to cut corporate tax rates won’t boost growth or create jobs. In fact, it will discourage corporate investment, as corporations and their shareholders earn even higher profits and pocket more of the cash–just like they did last time we tried a big corporate tax cut. If Trump wants to encourage investment, he should close loopholes that CEOs exploit to move profits offshore and increase the effective tax rate on corporations, their CEOs, and their shareholders.

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Also published on Medium.

Marshall Steinbaum is a Fellow and Research Director at the Roosevelt Institute, where he researches market power and inequality. He works on tax policy, antitrust and competition policy, and the labor market, in particular declining entrepreneurship and labor mobility as well as credentialization and its result: the student debt crisis. He is a co-editor of After Piketty: The Agenda for Economics and Inequality (Harvard University Press 2017), and his work has appeared in Democracy, Boston Review, New Republic, American Prospect, Industrial and Labor Relations Review, and ProMarket. He has a Ph.D. in economics from the University of Chicago.