Wednesday, October 18, 2017

If Government had a Plan for Making the Rich Richer . . .

   It would seem the nation would rise up in astonishment and outrage if government planned to drop the tax rate for the richest 1 percent by 5.7 percent.
  I mean, if those making $25,000 were only going to get a 0.4 percent break and those making $48,600 were only going to receive a 0.8 percent break . . .
   And, if the top 0.1 percent were going to save $722,500 on their taxes each year . . . And, if the top 1 percent were going to save $129,000 . . .
   And, if those of us making $25,000 were only going to save $60 and those of us earning $48,600 were in line for just $290 in savings . . .
   The rich get richer, they say.
   And, what if we were to learn the tax cuts were to shrink across 10 years for everyone except the top 1 percent? That sure seems like government is going to make it look reasonably good for us when it rolls out the tax plan and we're watching, then government is going to erase much of our benefit down the line when it hopes we aren't looking.
   Would government really treat its people this way?
   Actually, government shouldn't be able to hoodwink us this way. The nonpartisan Tax Policy Center has released its analysis of the so-called "tax reform." It's all there. We should read it and weep, but we should read it.
   Such reports as the one from the Tax Policy Center place all we need to know right in front of us, leaving us to eye our government and ask just what it thinks it is doing.
 

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