Now as then, the phantasm of trickle-down economics is much-beloved by the Right. The Republican tax "plan" is a potent illustration.
Speaker of the House Paul Ryan (R-WI) was asked recently how that proposed drastic cut in corporate taxes can result in wage increases and more and better jobs. He provided no answer, but his colleague, House Ways and Means Committee Chairman Kevin Brady (R-TX), did.
This is a complete redesign of the code; we can simplify it so much that nine out of 10 Americans can file by using a postcard-style system, Brady said. Lowering the rates, protecting more of the first dollars you earned, making sure you have strong middle-class relief — but it’s more than that ... we propose to drive a newer tax car that can compete and win against any country in the world.
In other words, Brady asked Americans to submit to the chimera of trickle-down.
Don't do it. Contact your Representative; speak out against this most recent incarnation of a skewed theory.
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