Question about Supply Side Economics/Trickle Down Economics/Horse and Sparrow theory

[Jack Sawyer]

OK,

The outline of the Trump-Cohn-Mnuchin plan promises as follows:

• Collapse the seven income tax brackets into three: 10, 25, and 35 percent
• Double the standard deduction, e.g., from $12,000 to $24,000 for couples
• Repeal the alternative minimum tax, the estate tax, and the 3.8 percent Obamacare tax on investment income for the rich
• Add a new deduction for child care expenses
• Cut the corporate rate to 15 percent
• Treat “pass-through income” as corporate income taxed at 15 percent, rather than individual rates
• Exempt foreign income from corporate tax
• Impose a one-time “repatriation” tax on assets US companies hold overseas

At a quick glance, those seem to be an awful lot of breaks for the rich, not anything meaningful for the poor or middle class

[BananaStand]

At a quick glance, those seem to be an awful lot of breaks for the rich, not anything meaningful for the poor or middle class

Jobs muthafucka

You fail to realize that the poor and middle class people to whom you are referring already pay 0% in taxes.