Like all Republican tax cut laws since Reagan, regardless of who they help or harm in the short run, they’re massive and unfunded. The Republican politicians tell the people taxes are bad, tax cuts are good. They never tell mention what the taxes pay for. They never mention the economic chaos that ensues when the deficit has to be paid for. The strategic goal of massive, unfunded tax cuts is the elimination of the social safety net. The excuse is the deficit created by the tax cuts. The justification is equating the social safety net with socialism (oh the horror), and equating that with Soviet communism.
The devil is in the details. According to Politifact.com’s analysis, “every income group pays less in taxes in 2019, but the benefits flow disproportionately to wealthier taxpayers. And by 2027, every income group below $75,000 will see a tax increase, while only those income ranges above $75,000 will still see a cut.”
Bait…and switch.
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