On: Tax cuts for the wealthy only benefit the rich (2023)

[twoodfin]

When is the last time either of those things (capital gains rate cuts, tax hikes on the lower 90% of income earners) happened?

I think it’s been decades by now.

[smallmancontrov → twoodfin]

OBBB Opportunity Zones? Bonus depreciation? If you are unfamiliar with these or their applications to tax avoidance, you are outing yourself as a wagie running defense for your economic betters.

[twoodfin → smallmancontrov]

Sorry, which of those are capital gains rate cuts or tax hikes on workers?

[smallmancontrov → twoodfin]

Those are both capital tax cuts.

The hikes on labor come later, when the debt needs to be paid and Democrats are once again tricked into being fiscally responsible.

[vlovich123 → twoodfin]

When did the previous tax cuts get rolled back vs getting extended in perpetuity?

[biophysboy → twoodfin]

TCJA made changes to corporate capital gains, no?

As for tax hikes <90%, this hasn’t occurred in income; the opposite has occurred. You could make the case that it hasn’t been worth it for the poorest brackets though, given other coincident policy changes