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CNN: Trump Is Furious After Being Humiliated in the Alabama Primary

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lawhawk9/27/2017 3:11:36 pm PDT

Tax brackets have not now nor ever been the impediment that the GOP continually makes them out to be. A progressive tax code makes sense, and every action the GOP is taking is about making it less progressive and shifting burdens from the rich to everyone else.

The fact that everyone else can’t generate the revenue lost by not taxing the rich doesn’t get past the GOP. That’s a feature, not a bug. The feature is designed to create debt so as to give the GOP the talking point that services have to be cut to balance the budget and/or reduce debt (choose your talking point of the day).

Of course, there’s no way the debt can be reduced by tax cuts or budget cuts. It just can’t happen that way.

The way that the US eliminated its debt during the middle 20th century was to impose high tax rates on high income earners. 90% or more. We had strong economic growth when tax rates were over 90%. We had them when they were 70% or more.

Lowering the tax rates from what are historically low levels will not create new economic growth. It simply expands the wealth for the rich and screws everyone else because they will never see the benefits.

All the deductions/credits the GOP are throwing around will hurt the middle class far more than help. Again, this is a feature, not a bug.