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Waelti: Experts favor 70 percent tax plan proposed by AOC
John Waelti
The politics of 2017 dwelled largely on the Trump/Republican tax bill that these columns have held to violate principles of sound fiscal policy and reasonable concepts of equity. While deficit spending is inevitable, even necessary, during recession, it’s asking for trouble down the road to explode deficits during a fully employed economy, as that tax bill does. Furthermore, the 2017 tax bill exacerbates after-tax income inequality that has been getting worse for several decades.

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