One of the worst aspects of Donald Trump's generally reprehensible tax plan is that, as currently written, it would end up raising taxes on many families with children, particularly single parents. This is because the proposal tries to streamline the tax code partly by eliminating some of the important tools, such as personal exemptions, that these households use to minimize their IRS bills. Pretty much everybody I know who thinks about taxes for a living and has looked at Trump's published outline agrees on this. It's not in serious dispute.
On Thursday, two of Trump's top advisers, University of California–Irvine economist Peter Navarro and billionaire financier Wilbur Ross, appeared at Washington's Tax Policy Center to defend the merits of Trump-onomics. Early on, Ross suggested that parts of the candidate's tax plan had been “misunderstood,” and that the legislation would be drafted to fix “any anomalies in the proposal that could cost some taxpayers more under Trump than at present. The intent clearly is that no tax payer, other than those with carried interest, will be disadvantaged.”
