News Tip: New Tax Plan Halves Taxes for Corporations at Expense of Middle-Class Families, Expert Says

House Republicans released long-awaited details of a plan for reforming the tax code on Thursday.

  • Quote:
    "The most striking aspect of the GOP tax proposal is the skewing of its benefits in favor of corporations and wealthy individuals, rather than middle-income families," says Duke University law professor Lawrence A. Zelenak, an expert on tax law and policy. "For example, while the proposal cuts the tax rate for corporations almost in half, and repeals the estate tax, the proposal actually reduces the per-child tax benefits by several hundred dollars for many middle-income families.”
  • Bio:
    Zelenak teaches income tax, corporate tax and a tax policy seminar. His publications include numerous articles on tax policy issues and a treatise on federal income taxation of individuals. His most recent book is “Learning to Love Form 1040: Two Cheers for the Return-Based Mass Income Tax (University of Chicago Press, 2013). 
  • For additional comment, contact Zelenak at: