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Must-Read: David Kamin: How a Tax Cut Turns Into a Tax Increase

Must-Read: The Republican House caucus led by mainstream media-acclaimed “policy wonk” Paul Ryan are best thought of as a bunch of 19 year old college frat boys who didn’t do the reading winging it in a Model Budget Simulation course:

David Kamin: How a Tax Cut Turns Into a Tax Increase: “In rolling out their plan, House Republicans focused on an example family…

…a married couple making $59,000 per year and with two kids… a tax cut of over $1,182 in 2018…. [But] that… family making $59,000 would face a tax increase by 2024 relative… potentially rising to $500 by 2027.. even as tax cuts for those at the top are maintained….”

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Must-Read: David Kamin: How a Tax Cut Turns Into a Tax Increase

November 3, 2017

AUTHORS:

November 3, 2017

AUTHORS:

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon