Wednesday, November 8, 2017

[NJFAC] good arguments on proposed tax cuts

  • Democrats are opposing Republican tax cuts partly on the basis that they will expand the US budget deficit.
  • That's the wrong argument to make — not just now but in any low-inflation environment.
  • The right argument against the plan is that it's skewed toward the wealthy and includes changes that won't benefit the economy.
  • "There are better ways to invest in our economy," says Stephanie Kelton, a former chief economist for the Senate Budget Committee's Democratic staff. "Investing in our nation's infrastructure, education, and R&D would do more to boost future productivity than trickle-down tax cuts for the rich."....
June Zaccone
National Jobs for All Coalition

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