the debate we are having about whether or not most of the tax cut goes to the middle class or to the rich is downright goofy. It should be a simple question with an agreed- upon way to score it. There should be a clear-cut answer whether it is primarily the middle class or the rich who will be able to keep more of what is already theirs. At least when discussing capital gains, I could understand some disagreement, for one can score it two ways, either by the number of people who are receiving capital gains reductions or by the value of their capital gains cut. But in terms of this tax package, charges that the majority of the tax cut goes to the wealthy are simply ridiculous. Democrat class warriors in the Treasury Department are using bogus numbers. Redefining household incomes so that people making $45,000 a year are scored as actually making $75,000 a year is nothing short of scandalous. Imagine trying to convince a shipyard worker that he is actually making $30,000 a year more than he thinks he is making. It is downright dishonest.
David Weldon: “the debate we are having about whether or not most of the tax cut goes to the middle class or to the rich is downright…”
Editor's note · Context
Discussing the distribution of tax cuts during a debate on tax policy.
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