Christopher Faricy on the GOP Tax Plan
In an opinion piece written in the Syracuse Post Standard, Maxwell Professor Christopher Faricy detailed how President Trump’s new GOP tax plan would be financially irresponsible, and would add to national debt as the years went on.
“Corporate tax rates would decrease from 35 percent to 20 percent. This represents a whopping 43 percent reduction in the taxes corporations pay,” Faricy wrote. “This massive tax cut would add approximately $1.5 trillion to our national debt over the next 10 years.”