Trump Administration Unveils Plan for Major Tax Overhaul

Michael Graetz, Columbia Law School professor and former deputy assistant secretary for tax policy at the Department of the Treasury and co-author with Linda Greenhouse of The Burger Court and the Rise of the Judicial Right (Simon & Schuster, 2016), discusses the White House's tax plan, which most notably proposes sharp cuts to both individual and corporate income tax rates.

 "It’s all ponies and no manure, I don’t believe [GOP tax cut] is going to pay for itself," said Graetz. "My former boss., G.H.W. Bush, called it ‘voodoo economics," Graetz.