Tax Cuts Without Spending Cuts Won’t Reduce the Taxpayers’ Burden

As this election cycle has demonstrated yet again, Democrats are not shy about calling for tax increases. In every election cycle they call for more taxes, whether through corporate taxes or through taxes on unrealized capital gains.

Donald Trump, meanwhile, has pledged to cut some taxes. I say “some” because Trump has also pledged to raise taxes on imports.

Nonetheless, Trump ran on the idea that he would reduce the tax burden on Americans if elected.

Unfortunately, Trump has no plans to cut go...