The trickle down con is back. The White House Council of Economic Advisers claims – against evidence – that lower corporate taxes incentivize companies to (magically) invest in new machines that would require more skilled workers and those people would (magically) then be paid higher wages.
One of the proposals being floated by the Trump White House on tax reform is to tax the retirement plan contributions of workers upfront to pay for tax cuts for the wealthy and corporations.
It will be no surprise that when actual numbers and clear policy plans do come they will heavily favor the most affluent and corporate interests over middle class and financially poor Americans.
“Republicans set to pivot from cutting taxes for the rich (AHCA) to cutting taxes for the rich (tax reform).” and tax cuts is like handing out candy
Donald Trump is trying to pull a fast one on voters by removing his tax cuts for millionaires and billionaires plan from his website ahead of his economic speech.
