3 ms·
Reducing taxes is a pretty big one. Even the most editorialized and anti-Trump articles[1] admit that "the bill helped average families". These articles usually
by dahfizz 5y ago
Reducing taxes is a pretty big one. Even the most editorialized and anti-Trump articles[1] admit that "the bill helped average families". These articles usually go on at length complaining that the tax cuts also help the rich.
But this is the kind of thing that directly and immediately helps the middle / working class. Reducing their tax burden puts money back in their pocket.
[1] https://www.usatoday.com/in-depth/news/politics/elections/2020/10/27/donald-trump-mostly-delivered-2016-campaign-pledge-cut-taxes/3685282001/ https://www.usatoday.com/in-depth/news/politics/elections/20...
- imtringued 5y agoWe should follow the singapore/hong kong model of higher property/land taxes and lower income taxes (keep them progressive). The government is supposed to manage the commons and it should be rewarded for doing a good job. Income taxes are frankly terrible. They increase the risk of corruption because they are "free for all". Increasing land value through public investments is often straight forward. Proper urban planning increases tax revenues, bad urban planning decreases tax revenues. Meanwhile with income taxes, the connection is way more elastic. If you fund a $8 trillion infrastructure bill with income taxes, nobody is going to care if the investment is actually worth it but a lot of politicians will be interested in adding "pork" to benefit from the money.