Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households
www.nytimes.com
Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.

Economists say such a shift could widen the gap between the rich and the poor.

Literally the primary raison d’être of the modern Republican party

  • @silence7@slrpnk.netOP
    11•4 months ago

    You’re pretty well-off if you’re paying $50k in income taxes. (Notice how they’re not planning to cut payroll taxes; those are for us ordinary folks)

    • @Frozengyro@lemmy.world
      4•4 months ago

      If it’s just income taxes, for a single individual, you’d have to be making about 225k to pay 50k in income taxes.