General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy hasn't someone on our side introduced a 10% working class tax cut? Or maybe they
have and I missed it. I think they should, and throw it in Trump's and the republicans face!
Trump going out at the last minute and lying about that right before the last election should be a huge scandal really. He was talking about it like it was a done deal too. No one can show you anything that would disprove that he didn't just pull that out of his ass! A flat-assed, stone cold lie to try and swing votes!
If any prominent Congressman running had even promised to write up such a tax cut before Trump said that, he would have been covered. We would know it was never going to happen, unless the wealthy got a bigger cut, which is worse. But he had nothing and Congress wasn't even in session.
Load it up with measures to pay for it that come right out of the 1%'s hide! It wouldn't have to be just taxes. Let Trump, McConnell and the rest fight that.
at140
(6,110 posts)10% tax cut for every one in income upto $125,000 annual gross income (not AGI because credits are not received by everyone equally) for joint returns and upto $62,500 for single filers. Trump and his republican cohorts will oppose it, and people will see who is really on their side.
brewens
(13,577 posts)up economics works and they know it! It works for us and narrows the income gap will be the problem. It's why they never do it.
Chin music
(23,002 posts)By the time it's done it'll be 1/10th of whatever the initial ask was. Trickle UP has been happening the whole time. One dollar at a time.
at140
(6,110 posts)a realistic and sincere proposal and a superfluous proposal. National debt as high as it is, no point in getting carried away.
And that 10% cut should be paid for with cuts in all subsidies to corporations, including oil companies.
Chin music
(23,002 posts)have you seen the tax horror stories on this site? Senior Citizens taking hits? Part 2 of the tax ask is Taxing peoples incomes over 10 million a year. like the Eisenhower years.
at140
(6,110 posts)to benefit the high income earners. That is water under the brige. We are now discussing what Dems should do next to win in 2020.
In general I support much higher taxes on incomes over $half a million. And eliminate capital gains tax. Because even small fry pay capital gains taxes, based on gains mainly due to inflation.
riverine
(516 posts)but no one really remembers it.
The right has successfully portrayed Democrats as the high tax party.