11/06/2017

Middle Class Tax Cuts For the Middle Class




Several of my conservative friends are very bullish on the Trump tax cuts and believe it will lead to sustained 5% growth. I think that is very unlikely, but let us assume for the sake of argument that the tax cut achieves a 5 percent or even higher growth rate. 

Why not make it an actual middle class tax cut and give some of the cut to us, the actual middle class?  

Or is there some economic reason for giving the upper 1 tenth of 1 percent a massive 10 percent increase in income while giving us, the actual middle class, a 1 percent increase? I can't see it. It seems to me that the same economic effect could be achieved with a broader distribution of the tax cuts.





Projections made by the  Non partisan Tax Policy Center.
Click to read the article.

https://www.nytimes.com/interactive/2017/09/29/us/politics/trump-tax-plan-analysis.html



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