Tuesday, December 19, 2017

Tax cuts for the rich? Who exactly pays the most taxes?

The media is howling a collective "narrative" about how bad tax cuts are, and like a cultie preacher, first tried to convince their audiences that they really didn't want more of their own money in their own pockets, nosirree, they like it better in the government's. That didn't work, so now they've moved onto the next hive argument, arguing that the tax cuts benefit primarily 'the rich,' something that will make everyone die of class envy.
The leftists at New York magazine have a prime example of this approach:
Two weeks ago, the Senate passed a tax-cut bill that would have delivered 62.1 percent of its benefits to the richest one percent of Americans. A slew of public opinion polls subsequently showed large majorities of the public opposing the GOP tax plan — with a USA Today/Suffolk University poll declaring it the least popular piece of major legislation in three decades. Virtually all of these surveys found that this widespread opposition was rooted in the perception that the bill would benefit the wealthy and corporations more than it would help the middle class.
Republicans listened carefully to this feedback. And during deliberations in conference committee, the GOP leadership decided to change the bill in ways that would alter the distribution of its benefits: Now, instead of giving 62 percent of its tax cuts to the one percent, the Republican tax plan gives 83 percent of its tax cuts to the … one percent.
Somewhat less shrill, Axios makes the same argument, complete with a chart.

http://www.americanthinker.com/blog/2017/12/tax_cuts_for_the_rich_who_exactly_has_been_paying_for_all_the_recent_tax_hikes.html#ixzz51j2urLnb 

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