The details are in the first four minutes of this video:
One thought on “How GOP Candidates’ Economic Plans “Screw the Middle Class””
I believe the reasoning behind tax cuts for the rich creating jobs is faulty. Taxes are on profits. Higher taxes encourage businesses to protect their profits by investing them. This investment translates into job creation. Lower taxes on the rich therefore does the opposite and shifts the wealth to the rich and does not help anyone but them.
One thought on “How GOP Candidates’ Economic Plans “Screw the Middle Class””
I believe the reasoning behind tax cuts for the rich creating jobs is faulty. Taxes are on profits. Higher taxes encourage businesses to protect their profits by investing them. This investment translates into job creation. Lower taxes on the rich therefore does the opposite and shifts the wealth to the rich and does not help anyone but them.