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I realize that, but the tax cuts disproportionately benefit the rich, still (http://money.cnn.com/2012/01/03/news/economy/income_inequality/index.htm http://mon
by splinterofchaos 14y ago
I realize that, but the tax cuts disproportionately benefit the rich, still (http://money.cnn.com/2012/01/03/news/economy/income_inequality/index.htm http://money.cnn.com/2012/01/03/news/economy/income_inequali...). Low income houses would still pay low taxes, just not no taxes.
Plus, the idea that ending the Bush tax cuts and giving a break to the poor are mutually exclusive is a false dichotomy. The power exists to do both.
- webXL 14y agoI never implied the rich didn't disproportionately benefit or you couldn't end the Bush tax cuts and help the poor at the same time. However, the net effect of that new tax structure wouldn't help the economy much, and therefore wouldn't help tax revenue.
- splinterofchaos 14y agoYou're right. I had misread your post.