Saturday, September 30, 2017

A normal Republican tax plan: "Huge benefits for the rich"

Mother Jones

Kevin Drum:

The bottom line—tiny benefits for ordinary people, huge benefits for the rich—is pretty normal for Republican tax plans. What’s astonishing, I guess, is how far up the income scale you have to go before you leave the “ordinary person” category...To get any real benefit, you literally have to make a million dollars a year. That’s the point where the tax break really produces any benefit: a reduction of 6-7 percentage points, or $100,000+. Republicans just don’t care about anyone making less than that.

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1 Comments:

At 2:13 PM, Anonymous Anonymous said...

Wow that was unusual. I just wrote an very long comment but after I clicked submit my comment didn't show up.
Grrrr... well I'm not writing all that over again. Anyway, just wanted to say excellent blog!

 

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