- Edward McCaffery: Income tax has morphed into a wage tax, as rich living off their capital can easily pay little or no tax
- There's still hope a Trump presidency will actually listen to the working class with their heavy economic burdens, he says
Edward J. McCaffery is Robert C. Packard trustee chair in law and a professor of law, economics and political science at the University of Southern California. He is the author of "Fair Not Flat: How to Make the Tax System Better and Simpler." The opinions expressed in this commentary are solely those of the author.
(CNN)Hope springs eternal. Steven Mnuchin, Donald Trump's campaign finance chairman and now his nominee to serve as secretary of the treasury, made headlines Wednesday by claiming that there would be no "absolute" tax cut for the wealthy.