11-21-2017(Photo: https://upload.wikimedia.org/wikipedia/commons/1/11/NewYorkWorld%27sFairAugust_1964.jpeg)http://JohnBatchelorShow.com/contacthttp://JohnBatchelorShow.com/schedulesTwitter: @BatchelorShow
Tax cuts 1964 vs 1986 vs 2017. @Larry_Kudlow @CNBC @BrianDomitrivic
JFK and the Reagan Revolution: A Secret History of American Prosperity by Lawrence Kudlow and Brian Domitrovic.https://www.amazon.com/JFK-Reagan-Revolution-American-Prosperity/dp/1595231145
The report from the nonpartisan Tax Policy Center, released Monday, contains this very unhelpful passage:
On average in 2027, taxes would rise modestly for the lowest-income group, change little for middle-income groups, and decrease for higher-income groups. Compared to current law, 9 percent of taxpayers would pay more in 2019, 12 percent in 2025, and 50 percent in 2027.
It's not difficult to see this winding up in just about every piece of Democratic pushback on the Senate GOP's tax bill. “Half of Americans would wind up paying more in taxes” is a pretty powerful talking point — as is “the wealthy clearly benefit from this bill, but the middle class doesn't.
https://www.washingtonpost.com/news/the-fix/wp/2017/11/21/_trashed-2/?utmterm=.57e562318a3d
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