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> 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, t
by 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]