Well, I am happy that a lot of people now understand what I have said all along.
W2 salaried upper income middle class always get screwed when it comes to any sort of tax reform…. For whatever reasons, politicians always like to think upper income salaried slaves are rich, meanwhile leaving corporations and the really rich alone. [/quote]
It is that way if we elect Republicans. I understand your logic in not wanting all the power in the hands of one party. But historically, tax cuts for capital is always a target aimed for by republicans. Tax cuts for labor comes from Democrats.
Cuts to taxes on income generated by capital increases inequality, and makes it more difficult, no matter how much you earn from work, from getting rich. They are designed to make rich richer.
Tax preferences for labor, during my lifetime, have only and always come from Democrats. Those are the tax cuts that create jobs. Those are the tax cuts that decrease income inequality.
