The Hilarious Way Republicans Define “Middle Class”
Trump’s tax plan just makes the rich richer. John Iadarola and Mark Thompson, the hosts of The Young Turks, break down the details of the plan. Tell us what you think in the comment section below. Join TYT: https://goo.gl/v8E64M
“For months, I have been pointing out that Donald Trump and congressional Republicans have been offering “non-plans” to change the tax code.
Issuing press releases containing nothing more than vague bullet points — yet somehow also making it clear that their ultimate plan would be hugely regressive — the ruling party promised that the final plan would deliver on their years of promises of fundamental tax reform.
Well, the House’s plan is now in, and it is … not tax reform.
It is a hugely regressive tax cut, but unless there is a new definition of “reform” such that that word now means “change in various uncoordinated and unprincipled ways,” then this is not tax reform, and it is certainly does nothing to fundamentally change the nature of the tax system.
Changing the size of the standard deduction, or eliminating some preferences while expanding others, or even changing the number of tax brackets, is merely changing things within the same basic system.
Some of the Republicans’ proposals (especially on the business side) are expensive and bad policy, but they do not change the structure or logic of the tax code.”
Read more here: http://www.newsweek.com/even-more-tax-cuts-rich-isnt-tax-reform-702023
Hosts: John Iadarola, Mark Thompson
Cast: John Iadarola, Mark Thompson
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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