Quote:
Originally Posted by wdmso
"In 2019, those making less than $25,000 would get an average $50 tax reduction, or 0.3 percent of their after-tax income. Middle-income earners would get average cuts of $850, while people making at least $746,000 would get average cuts of $34,000, or 2.2 percent of income.
The center also said the Senate proposal would generate enough economic growth to produce additional revenue of $169 billion over a decade. That's far short of closing the near $1.5 trillion in red ink that Congress' nonpartisan Joint Committee on Taxation has estimated the bill would produce over that period."
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"Middle-income earners would get average cuts of $850"
Is that not a good thing?
"The center also said the Senate proposal would generate enough economic growth to produce additional revenue of $169 billion over a decade. That's far short of closing the near $1.5 trillion in red ink that Congress' nonpartisan Joint Committee on Taxation has estimated the bill would produce over that period."
And some other think tank said that Obamacare would save the average family $2,500 a year. Who believes these people?
But we need to cut wasteful spending to pay for this, no doubt.
Unemployment is down to a very low number. That has to have a positive impact, it cannot fail to do so.
The rich have more money invested in places to take advantage of things like this. When the stock market goes up, that will always help the rich more than it helps everyone else. It's not exactly "fair" or equitable, but it's not a bad thing, either.