The Washington Post has looked at tax cuts over the past 50 years to see how the various Trump/ Republican wealthfare bills stack up. We quickly see why they were in such a hurry to pass those steaming turds:
Comparing tax plans across generations is hard. Super hard.
But we can say the Republicans’ $1.4 trillion tax plan isn’t the biggest in history. It’s not even the biggest in the past decade.
It’s probably the most regressive tax cut in the past 50 years, but there’s not enough data to speak with absolute confidence. The Bush tax cuts were pretty regressive too.
That said, it is hard to find a tax plan that has done less for the middle class. (our emphasis)On the question of which was worse, the Trump plan or the 2003 Bush tax cut debacle:
Our main takeaway: The Trump plan and the 2003 Bush cuts were harder on the middle class than anything else in our sample, with both giving outsize benefit to those earning more than $100,000 a year in the first year after implementation.
To be sure, the first year after enactment doesn’t tell the full story of either cuts’ true inequality. The Tax Policy Center forecast the second round of Bush cuts to shift heavily toward the benefit of wealthy taxpayers. Those earning more than $500,000 went from taking home 24 percent of the overall cut in 2004 to pocketing 50 percent in 2006.
But even by that metric, the current House and Senate plans might have Bush beat when it comes to shifting money to the wealthy. The Senate plan was the only one in our sample that raised taxes on any group — doing so for lower-middle-class earners by 2027. That's largely because almost all the individual income tax provisions expire at the end of 2025.
And in that same year, the Tax Policy Center forecasts those earning more than a half-million dollars will be taking in 68.5 percent of the cut’s overall value in the Senate plan, a boost to the highest earners that was also without precedent in our sample. (our emphasis)The analysis comes with helpful charts showing plans back to the Nixon administration, none of which, as the Post says, have done less for the middle class than the Trump plan.
BONUS: This wealthcare performs another vital function for these nihilist pig people:
The Heritage Foundation’s Stephen Moore, a conservative economist who worked with the Trump campaign last year, told Bloomberg Politics the GOP tax policy is “death to Democrats.”
“They go after state and local taxes, which weakens public employee unions,” Moore said. “They go after university endowments, and universities have become play pens of the left. And getting rid of the mandate is to eventually dismantle Obamacare.” (our emphasis)We need to whip every last one of them.
