The problem with the Republican tax cut plan isn't the desire for cuts, per se; it's where the Republicans are aiming them.
The real problem with the GOP's proposed tax cuts is who benefits: Cutting the tax rate on corporate profits showers money on wealthy shareholders. Aligning the "pass through" tax rate with a lower corporate rate will allow wealthy Americans to rejigger their tax filings, paying lower rates than their less fortunate fellow citizens. While Republicans want to lower income tax rates across the board, the bulk of the benefits from their plans go to Americans pulling down six-figure salaries or more. Increasing the standard deduction is really the only part of this plan that has any sort of populist tilt.
Frankly, a lot of this probably boils down to the GOP's loyalty to their wealthy donor class.
Read the rest of the story HERE:
At theweek.com
Rob Kall is an award winning journalist, inventor, software architect, connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media.
He is the co-founder of the
Arc of Justice Alliance a platform designed to help organizations and individuals working for justice and a better world to discover each other and share resources and strategies, with the hopes that this will build their power.
Check out his platform at Bottom Up Radio Show, and founded and publishes one of the top Google- ranked progressive news and opinion sites, OpEdNews.com
more detailed bio:
Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the (more...)
1
