A Windfall for the Wealthy?

The narrative is everywhere–“How GOP Tax Plans Would Reward Rich Families,” “A Tax-Cut Bill to Make Scrooge McDuck Proud.”

The only problem is that the narrative is false, explains Chris Edwards at the Cato Institute.

The GOP’s tax proposals would give the largest relative cuts to the middle class, increase subsidies to low-income households, and make the tax code more progressive. Those are misguided policies, but that is what Republicans will likely deliver even with some final tweaks this week.

Read more from CE here.

Chris Edwards discusses tax reform and the deficit on 910 AM’s The Nolan Finley Show

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Debbie Young
Debbie, our chief political writer at Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.