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Any tax cuts are trickle down? So the Democrat's push to reinstate the SALT tax credit (cut) are trickle down also? Are tax cuts in any bracket trickle down?
by q1w2 5y ago
Any tax cuts are trickle down?
So the Democrat's push to reinstate the SALT tax credit (cut) are trickle down also?
Are tax cuts in any bracket trickle down?
When the GOP raises taxes - do they implode?
- mtberatwork 5y ago> Any tax cuts are trickle down? Of course not, but when tax cuts for the top are billed to be wealth generating mechanisms for the middle and lower classes, that is literally the definition of "trickle-down economics".
- simonsarris 5y agoI hope you understand that the SALT deduction that Dems want that he is referring to is a tax cut for the wealthy only. It exclusively applies to people wealthy enough to break the cap. https://www.nytimes.com/2021/11/02/us/politics/salt-cap-tax-deduction.html https://www.nytimes.com/2021/11/02/us/politics/salt-cap-tax-...
- rsfern 5y agoIt seems a bit misleading to focus on just this SALT cap aspect when that is part of a broader tax policy change. It’s at least being pitched as a sort of political compromise to get the rest of the build back better plan through. Thoughts? NYT is paywalled, but I found https://www.vox.com/2021/11/6/22766735/salt-deduction-cap-democrats-biden https://www.vox.com/2021/11/6/22766735/salt-deduction-cap-de... interesting
- mtberatwork 5y agoI was responding to the parent's remark that "any tax cuts are trickle down?". As I mentioned, tax cuts on the wealthy pushed as wealth generating mechanisms for the lower classes is the literal definition of "trickle-down economics". Furthermore, who is saying the Dems never push the "trickle-down" argument themselves?
- deleted 5y ago[deleted]
- rsfern 5y agoTo be fair, GP did use scare quotes to denote “tax cuts”. The specifics of the tax policy matter, to your point, but I do think it’s kind of common to frame this sort of trickle down attitude in terms of cutting specific taxes
- romwell 5y ago>Any tax cuts are trickle down? No, just the ones that benefit the massively wealthy individuals and corporations. >So the Democrat's push to reinstate the SALT tax credit (cut) are trickle down also? Irrelevant. >Are tax cuts in any bracket trickle down? You have asked this question already. >When the GOP raises taxes [for the massively wealthy corporations and individuals] - do they implode? Almost certainly. Any further questions?