Taxation Issues - The American Consumer Institute

While the STEP Act is driven by populist desires to tax the rich and ensure the wealthy pay their fair share, Congress should perhaps first consider whom the proposals hurt and whom they benefit. While the measure will undoubtedly raise revenues for the federal government, the bill’s ramifications will undoubtedly hurt the wider economy, with American workers and consumers paying the price in lost jobs, income, and innovation.

This commentary is available in the Inside Sources.