We are the richest country humanity has ever seen, and we are at our richest moment. Yet hardworking Americans keep coming home to "a plate full of worry." This is largely because over the last few decades the wages of the bottom 80 percent of Americans have fallen or stagnated while the super-rich rake in all the profits. We can do better, and we must.
I recently came across several profiles in The Huffington Post's series "All Work, No Pay: The False Promise of the American Economy." I strongly disagree that the promise of America is false, but the moving profiles of Americans struggling to make it in today's economy do tell an important story. I am writing to explain how I believe conservative reforms will create opportunity for all.
Their new tax plan builds on Senator Lee's 2014 plan and creates something that's even more tilted in favor of the country's highest-income people, and likely much more fiscally irresponsible. And, like last year's plan, it not only excludes most working-poor families from its new child tax credit but allows much of their existing child credit to disappear after 2017.