53% Of Jeb’s Tax Cuts Would To The Top 1%
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Jeb Bush wants to cut taxes for all Americans (likely increasing deficits and debt like every other modern Republican president), but most of the goodies would go to the super-rich according to an analysis from Citizens for Tax Justice.
It is difficult to structure an across-the-board tax cut that does not have this kind of regressive impact, for the simple reason that rich people pay in the low tax brackets as well as the high ones. Consequently, any tax cut that you give to the middle class is also a tax cut for the rich, but then to make it an across-the-board tax cut you need to add some tax cuts that only rich people get.
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D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.