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Trump Suggests Tax Cuts for People Earning Less Than $200,000
(www.telesurenglish.net)
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this post was submitted on 27 Apr 2025
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This alone could be good, (though they should only eliminate it on slabs of, say, <$60k), but they will combine it with austerity so that it is net regressive for the poor, the tariff shock doesn't help either.
Also, doesn't Congress set the rates and slabs?
It's net regressive for the poor anyway since it's just shifting the tax burden to consumption taxes because everything you buy will cost more because of tariffs. Consumption taxes always disproportionately hit the poor.
1000%. If this becomes the hot topic among your coworkers, insist on bringing up the simultaneous cuts to social and welfare programs. Trump doesn’t give a shit about the poor or even non rich