General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo Kamala proposed the inevitable middle class tax cut
I'm really getting weary of this pander. Not to single her out- all candidates do it. But are we EVER going to reach a point where candidates don't say the middle class tax rates need to be lowered?
guillaumeb
(42,641 posts)and 40 years of wage stagnation is reversed,
that might be the time.
Alhena
(3,030 posts)a whole lot of surplus cash in government hands these days.
Autumn
(45,120 posts)PSPS
(13,608 posts)After deductions, it amounts to about 10% max. The real scandal here is that about $50K is the median household income in the country. When politicians promise the usual "middle-class tax cut," they always amusingly define "middle-class" at some ridiculously-high figure like $150K or even higher. $150K is enough to put you in the top 5%.
If one were serious, we would have a proper graduated income tax where, if someone makes a billion dollars, anything over, say, $1 million gets taxed at 90% or more. Nobody needs more than a million dollars a year to live even an overly-pampered lifestyle.
Autumn
(45,120 posts)pile of bullshit.
hurl
(938 posts)When that is addressed, we might need to turn our attention to this issue.
Hekate
(90,768 posts)CentralMass
(15,265 posts)Passing out candy might be a good political tactic to try and win but it is fiscally irresponsible.
We are in the end rum of Grover Norquist's "Starve The Beast".
Sane policies to pay for the cost of government is what we need.