Analysis shows Trump tax plan would make rich people richer — and working people poorer

Republican presidential nominee Donald Trump's proposal to further reduce the U.S. corporate tax rate from 21% to 15% would make the bottom half of the nation's income distribution poorer while boosting the fortunes of those at the very top, according to an analysis published Thursday by economists at American University.

The analysis, released just over a month before the high-stakes November 5 election, projects the hypothetical macroeconomic and distributional impacts of corporate tax...