We worry about growing inequality and the dwindling middle class, and advocate various policies to reverse these trends. And yet at the same time, we talk about reducing or eliminating the tax deduction that does the most to promote a more equal distribution of economic well-being.
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President Donald Trump holds up a copy of a 2025 National Trade Estimate Report as he speaks at an event at the White House on April 2, 2025, in Washington, DC. (Getty Images)