(01-22-2017, 02:19 AM)Warren Dew Wrote:(01-21-2017, 06:54 PM)flbones too Wrote: I don't understand why the GOP consntly puts out tax plans that favor the rich. What's up with that? Are they really that retarded?
They don't. They put out tax plans that help everyone, and the Democrats reinstate the taxes on everyone but the billionaires.
Bush passed the last big tax cuts. When it came time for them to end, they were preserved for everyone except those who made more than 250K, who saw their tax rates return to the 1990's levels. The next result was taxes were raised on those high income folks. I should know, I sold a bunch of stock (which boosted our income for that year to the top bracket) and we to write a big check because I had forgotten about this and not adjusted our extra withholding higher.
The ACA also included taxes paid by the wealthy, which were used to make the plan revenue neutral.
Your statement is flatly wrong.