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It is easy to convince a significant portion of average Americans that taxes are too high. So they vote for politicians that promise to lower taxes. Except they
by WillPostForFood 8y ago
It is easy to convince a significant portion of average Americans that taxes are too high. So they vote for politicians that promise to lower taxes. Except they don’t lower taxes for average people.
Let’s be honest, tax cuts may be bad policy, but it is not true that they haven’t been lowered for the average person. Rates are down, standard deduction is up.
- SeanAppleby 8y agoSALT caps really screw a lot of people though. My effective federal tax rate is higher after the tax "cut" than it would have been under the previous tax laws. It really depends on where you live. Some blue areas have had effective tax increases for a sizable chunk of the population.
- sykic 8y agoI misspoke. The cuts have been mostly but not exclusively for the very rich. For instance, Reagan thought the tax on capital ought to be higher than the tax on labor. Now if a politician suggested this they'd be labeled a socialist by the Republican party.