Increasingly, massive business masquerades as small business for tax purposes. The Trump Organization—a holding company for more than 500 pass-through entities—is just one of many many conglomerates which have learned to deploy this masquerade to most effect. Trump’s self-presentation as a good friend to small business proved crucial in his efforts to sell his 2017 tax cuts invoice to a broader public. The details of the bill have been worked out by Trump’s 5 supply-side advisers—including Arthur Laffer, who played a central function in designing Reagan’s individual revenue tax cuts in 1981. And although Trump’s tax cuts included shameless concessions …