Donald Trump has repeatedly said that he plans to radically lower taxes for big corporations. Top economists estimate that his tax plan will add trillions of dollars to the national debt, which is very concerning to Democrats who have been warning about this impending disaster for decades. But tax cuts don’t just add to the national debt – they also contribute to inequality, by benefiting most fortunate and punishing the most downtrodden.
Studies have shown that tax cuts for both the rich and middle class disproportionately benefit the most privileged demographic in America, white males. Simultaneously, tax cuts lead to funding shortfalls in government services that assist women and minorities. Struggling single mothers do not benefit from tax cuts, as many of them are on government assistance, child support and alimony, none of which stand to pay more in the event of a tax cut. Many minorities rely on a variety of welfare programs from housing assistance to EBT and SNAP. Tax cuts will reduce the amount of money available for these programs, making it even more difficult for people of color to make it in a systemically racist society. Undocumented Americans also work in the black market where taxes do not apply, and hence they see no benefit from lower taxes.
Lower taxes put more money in the pockets of privileged white males, while taking money away from those who need it the most. Donald Trump’s obsession with cutting taxes is yet more evidence of his white supremacy and sexism. Hillary’s 100-day jobs plan on the other hand aims to raise taxes on the wealthy, while creating “good-paying” jobs for women and minorities by investing in green technologies and rebuilding our infrastructure. In order to promote equality, we need to focus on taxing the privileged, while helping the needy. If we fail to do so, the rich will continue to get richer, while the poor and oppressed continue to get poorer.