Cutting the federal income tax rate is just a start, some economists say

Andy Uhler Nov 9, 2017
HTML EMBED:
COPY

Cutting the federal income tax rate is just a start, some economists say

Andy Uhler Nov 9, 2017
HTML EMBED:
COPY

Gary Cohn, President Donald Trump’s chief economic adviser, told CNBC this morning that it would be hard for the current tax bill to reduce federal tax rates further for a family earning median income without going into negative tax rates. But federal income tax is just one kind of tax that everyone pays. 

Click the audio player above to hear the full story.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.