Wednesday, September 27, 2017

On Taxes

"Obviously, there’s nobody who wouldn’t enjoy the extra spending or saving that a tax cut would bring, but as the researchers at Pew found in April, what Americans would like even better is for government to spend more to educate their children, rebuild infrastructure, and provide health care and an income safety net for the elderly, veterans and the deserving poor. Despite years of politicians railing against “big government,” Pew found that as many Americans today wanted government to be bigger as to be smaller.

Like the campaign to repeal and replace Obamacare, the middle-class tax cut is a solution looking for a problem. It’s nothing more than a political totem, an expensive exercise in political pandering."
-Steven Pearlstein, "The Middle Class Doesn't Want a Tax Cut, It Wants Better Government"

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