Donald Trump's plan to cut taxes would zap almost $12 trillion from federal receipts over 10 years, swell budget deficits to an even greater degree, and deliver the biggest benefits to the wealthiest 1 percent of Americans, according to an analysis released Tuesday by the Tax Foundation in Washington.
On the plus side, the nonprofit organization that analyzes tax policy said the Republican presidential candidate's plan would create 5.3 million more full-time jobs than would be generated by the economy without the cuts. It also said that the nation's economic output would be 11 percent higher over a decade, and wages would be 6.5 percent higher, "provided that the tax cut could be appropriately financed."
This summer, because of a 2014 referendum passed by nearly 60 percent of voters, Massachusetts became the latest state to require all businesses with 11 or more employees to provide paid sick leave.
The policy sounds compassionate. Nobody wants to worry about losing a job or not being able to pay the bills during difficult times. And none of us want to see our friends or neighbors have to worry either.
