GOP Rep. Has No Answer For Why Republicans Won’t Vote For Middle-Class Tax Cuts

[Piff Perkins]

Yea but then people say you can't cut anything related to the middle class either, as that will "put families on the street"

Middle class is apparently everyone above the poverty line but outside the 1%.... thats like 80% of the country

The mechanisms driving the income + wealth gaps are completely unrelated to the tax code... the tax code has never been better for "the middle class", so why people want to fix things through taxes is beyond me

I do agree that a big jolt to the middle class is a bad idea. But its insane to keep putting it off indefinitely. At this rate w/the govt not addressing the big items keeping the "middle class" from accumulating wealth (higher education, healthcare, housing), govt will default before the middle class gets back on its feet

Govt needs to stop fukking everything up. If they get out of higher education colleges will be forced to drop tuition to levels people can afford without loans. If they get out of housing prices will drop to levels that make sense and won't encourage people to take HELOCs (they are on the uptick again). They need to simplify the shyt out of healthcare. Slash the military, ditch goofy deductions like child deductions and mortgage interest, and put that money towards a single payer program. A-b-bu-bu-but... but nothing. The tax increases on "the middle class" would be more than offset by the out of pocket savings on the big 3 H's. Govt is distorting the hell out of everything and nobody is winning but the folks who own the businesses they subsidize

I didnt mean to snap at you specifically, just speaking generally.

Some economists have floated an idea that would tether tax rates to GDP and employment growth. IE once the economy hits a certain level of success - say, Clinton era growth - taxes on the middle class would increase. Likewise when we hit a recession or low growth like right now, taxes would decrease as a means of stimulus. I would support something along those lines.

 

[TLR Is Mental Poison]

Some economists have floated an idea that would tether tax rates to GDP and employment growth. IE once the economy hits a certain level of success - say, Clinton era growth - taxes on the middle class would increase. Likewise when we hit a recession or low growth like right now, taxes would decrease as a means of stimulus. I would support something along those lines.

I would too, with some stipulations pretty much centered around only spending money we have

I.e. right now that plan couldn't go into effect, as we have to get out of this hole. But if we had a $14T surplus instead of a debt, I'd totally be for using that to stimulate the economy temporarily, or even lending out to banks. But we are $28T away from such comfort

 

[Dusty Bake Activate]

Some economists have floated an idea that would tether tax rates to GDP and employment growth. IE once the economy hits a certain level of success - say, Clinton era growth - taxes on the middle class would increase. Likewise when we hit a recession or low growth like right now, taxes would decrease as a means of stimulus. I would support something along those lines.

That's common logic...Keynesian countercyclical fiscal policy. You would think the politicians entrusted with being stewards of the economy would follow it without doing something like tethering it to growth rates. Cutting taxes and massively increasing unfunded spending during a recovery from a mild recession in the 00's fukked a lot of things up. They threw math in the bushes.

 

[Strapped]

Obama Tax Plan Cut-Off Closer To $300,000: Analysis

 

[Street Knowledge]

Beohner is bluffing. He will cave