Tehon
Gold Member
- Jun 19, 2015
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Good question. Show where the drop in unemployment coincided with a lowering of the tax rate.The actual Huff Post article wasn't part of the OP. Instead the OP chose to highlight the fact that the richest Americans pay the largest percentage of the federal tax bill. As if it is some well guarded secret that the Huff Post just let out of the bag.What part of the Huff Post article was conveniently omitted in the OP? This:
Only the richest one-fifth of households are paying a higher percentage in federal taxes than they were a decade or two ago, and that’s only because of increases passed under former President Barack Obama to pay for his signature health care law.
Meaning that for liberals who support the idea of a progressive income tax ― one that imposes higher rates on the wealthy ― the promise of a middle-class tax reduction as part of a coming “tax reform” package could actually be a Trojan horse. Given House Speaker Paul Ryan’s (R-Wis.) longtime desire to lower the top rates, any reduction for middle and lower-income taxpayers would almost certainly be dwarfed by savings for the wealthiest.
“It’s almost became a religious belief, a religious cult. Tax cuts are an elixir for everything. They are always good,” said Norman Ornstein, of the conservative-leaning American Enterprise Institute, who in recent years has grown critical of congressional Republicans. “And the lowest rates are best for the richest, since they drive the economy. Evidence is not a part of this.”
Only the wealthiest one-fifth saw their average federal rate go up, from 23.8 percent in 1983 to 26.3 percent in 2013 ― but that was only because of tax increases under Obama following his re-election. That group’s tax rate had been 23.9 percent in 2012.
The OP would have us ignore the part of the article that states that there has been an overall tax reduction since the '80s. Which surely couldn't explain to some degree the rising debt and destroys any notion that tax reduction spurs the economy.
Then how do you explain our 4.9 % unemployment rate?