New Heights of Preposterousness — Bull Market — Medium:
There are two big things that are crazy about this plan.
The first is that it eliminates an enormous amount of tax revenue: $3.6 trillion over ten years, according to the right-wing Tax Foundation’s “static” analysis—that is, before the growth fairy waves her magic wand. To put that in context, that’s more than we plan to spend on the military over the next ten years.
The second is the astonishingly naked handout to the very rich:
60% of the tax cut goes to the top 1%.
That leaves only 40% for everyone else.
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