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Alhena

(3,030 posts)
Mon Jan 28, 2019, 10:12 PM Jan 2019

So 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?

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guillaumeb

(42,641 posts)
1. When we reach a point when the 1% pay their fair share,
Mon Jan 28, 2019, 10:19 PM
Jan 2019

and 40 years of wage stagnation is reversed,

that might be the time.

Alhena

(3,030 posts)
3. Definitely raise taxes on the rich, but I don't see ...
Mon Jan 28, 2019, 10:30 PM
Jan 2019

a whole lot of surplus cash in government hands these days.

PSPS

(13,608 posts)
5. Most people making under $50K gross income pay little or no federal income tax today.
Mon Jan 28, 2019, 10:40 PM
Jan 2019

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)
6. Then give them a damn rebate. The term middle class when uttered by a politician is a
Mon Jan 28, 2019, 10:42 PM
Jan 2019

pile of bullshit.

hurl

(938 posts)
4. The entire political, justice, and social systems are skewed toward the wealthy
Mon Jan 28, 2019, 10:34 PM
Jan 2019

When that is addressed, we might need to turn our attention to this issue.

CentralMass

(15,265 posts)
8. The budget deficit is around $862 billion and rising. Up around 375 billion from this date in 2016.
Mon Jan 28, 2019, 11:40 PM
Jan 2019

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.

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