12 Jan '18, 10am

Trump’s Abominable Snow Job |

Trump’s Abominable Snow Job |

Moreover, as Stiglitz points out, contrary to Trump’s explicit promise to “eliminate the carried-interest deduction and other special interest loopholes that have been so good for Wall Street investors,” the dodges remain intact, and will continue to be exploited by “job-destroying private-equity firms.” The tax law also does little for workers whose jobs have been eliminated or displaced. As the University of California, Berkeley, economist Laura Tyson and Lenny Mendonca of New America observe, the law “prioritizes investment in physical and financial capital over what the US really needs: more investment in human capital and lifelong learning to help workers and communities cope with the disruptive effects of automation and artificial intelligence.”

Full article: https://dinmerican.wordpress.com/2018/01/12/140024/

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