Latest News

Recent Posts

ROY MOORE: ‘THEY’RE TRYING TO SILENCE CHRISTIAN CONSERVATIVES LIKE ME’

KEELY SHARP/Godfather Politics GOP Senate candidate Roy Moore has been accused of sexual harassment. However, it’s extremely coincidental, and Moore denies ...

Read More

80 MINUTES V. 2 MINUTES OF MEDIA COVERAGE

D JOLLY/ GREATAMERICANPOLITICS.COM I recently mentioned the difference in media coverage concerning mass shootings in Texas over the same weekend. For a ...

Read More

Analysis: Senate Tax Plan Would Create 925,000 New Jobs, Increase GDP By 3.7%

Sen. Orrin Hatch says proposal would give a family of four a tax cut of $1,400 Getty Images BY: Ali Meyer / the Washington Free ...

Read More

Done the right way, tax reform is a game-changer

Thank you for subscribing to my E-Newsletter! I wanted to reach out to you today to share my column in ...

Read More

Cotton ‘Reminds’ Democrats the Obamacare Individual Mandate Is a Tax

      BY: Charles Russell  / the Washington Free Beacon Sen. Tom Cotton (R., Ark.) on Wednesday responded to Democrats who are criticizing the Senate ...

Read More

Think Tank Retracts Report Saying GOP Tax Bill Benefits Wealthy

White House says analysis did not take into account economic growth factors like jobs and wages House Speaker Paul Ryan looks ...

Read More

Assessing PA's Tax Collections & Economy

Guest Post by Colin McNickle View this email in your browser Assessing PA's Tax Collections & Economy By Colin McNickle Senior Fellow and Media Specialist ...

Read More

Barletta Continues to Seek Solutions on Growing Flow of Opioids from Canada

Barletta Continues to Seek Solutions on Growing Flow of Opioids from Canada  WASHINGTON – This week, Congressman Lou Barletta (PA-11) participated ...

Read More

Smucker Leads Freshman Members Calling for USTR to Update Congress on NAFTA Negotiations

For Immediate Release: November 14, 2017   Smucker Leads Freshman Members Calling for USTR to Update Congress on NAFTA Negotiations   Washington, D.C. – U.S. ...

Read More

Letter to the Editor from Rep. Knowles

    Representative Jerry Knowles 124th District Pennsylvania House of Representatives   RepKnowles.com / Facebook.com/RepKnowles   FOR IMMEDIATE RELEASE November 16, 2017   Setting the Record Straight: Plan to Reduce the Size of the ...

Read More

Tax Cuts for “the Rich” Are Taxing Everybody

Share

  • taxtherich.PNG
 

As soon as it was revealed, the Trump administration’s framework for tax reform was instantly attacked by Charles Schumer, Nancy Pelosi and friends, trying to bludgeon it to death with assertions that it was just “tax cuts for the rich.” A letter from Senate Democrats said “Tax reform cannot be a cover story for delivering tax cuts to the wealthiest. We will not support any tax reform plan that includes tax cuts for the top one percent.”

Such attacks, which focused primarily on proposed reductions in corporate tax burdens, were premature, in that there were too few crucial details provided for thorough analysis. But the criticisms revealed a focus on the politics of envy rather than joint benefits to society, and reliance on assumptions that, if aligned with recent theoretical and empirical work, would undo their conclusions.

“Tax cuts for the rich,” along with cousins like “trickle down,” “voodoo” and even “déjà voodoo” economics, misdirect attention away from how voluntary market arrangements benefit all. They erroneously presume that taxing high-income earners less benefits only those high earners. This idea is reinforced by a mistaken zero-sum view that more income for some must reduce others’ incomes.

Voluntary Exchange Benefits Everyone

When people, however rich or poor, get richer through voluntary arrangements, they do not hurt

Read more

Featured Video

Local Issues

Voices of the People

Your Schools

Issues

Letters to the Editor

More from our archives