Skip to content
Subscriber Only

Summers Says Closing Tax Loopholes Would Help Curb Inequality

Reforming the tax code to eliminate tax loopholes used by the wealthiest Americans would help narrow the income gap between the rich and the rest of the society, according to former U.S. Treasury Secretary Lawrence Summers.

“Closing the loopholes that only wealthy can enjoy would enable targeted tax measures such as the earned-income tax credit to raise the incomes of the poor and middle class,” Summers wrote in an opinion piece in the Washington Post today.