Quote:
Originally Posted by mooby
Everyone knows when you give huge tax cuts to corporations, they reinvest those savings into hiring more workers to boost the economy Matty. Quit being so pessimistic. Whereas if you take money and put it in the hands of the struggling workers, they just sit on it and don't spend it at all.
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just a note, you realize that the refundable part of the child tax credits went up in this right? meaning a mother who has two children and 0 tax liability will still see her tax refund go up by nearly $1500. I don't know the exact number so if I'm high or low I am sorry, but the point is that the new tax bill does put money in the hands of those all along the scale. But honestly unless you simply believe in pure redistribution (socialism) if a taxpayer pays $0 in income tax, they are not going to get the same benefit from tax reform as someone who is paying $100,000 in taxes.
Again though, even the mere point of the argument is so outside of the reality that nearly everyone is going to see more take home cash this year vs. last that it's sad our system of political discourse is too broke to acknowledge that.