Paul L. Caron

Friday, July 19, 2019

Tax Policy In The Trump Administration

Tax, Tax News, Tax Policy in the Trump Administration | Permalink


Re indexing capital gains for inflation: "The top 1% of households by income would receive 86% of the benefit from the change, according to estimates in 2018 by the Penn Wharton Budget Model. The policy may reduce federal tax revenue by $102 billion over a decade, the model found."

Will this make any difference any at all to the GOP? To the deficit hawks who say they're concerned about the growing federal debt?

They'll love it. They'll say it'll go to the job creators, and it'll pay for itself.

Sure: just like tax cuts always pay for themselves (like never).

Posted by: Gerald Scorse | Jul 19, 2019 2:59:29 PM