Judy Woodruff Quotes About Taxes
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They have two aspects. One is that they're unpredictable, and that often rich and more affluent households are slow to spend the funds. The other thing about tax cuts is that they're redistributive. So they tend, naturally, to benefit those who pay tax.
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When it comes to economics, president-elect [Donald] Trump has promised to revive American manufacturing, get tough on trade with China, cut taxes and invest in infrastructure.
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Almost all of us have wondered at one point or another about the taxes we pay: Where does the money go?
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What we do have is a gigantic matching tax-cutting program as a way of stimulating the economy.
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If you stimulate the economy by means of a tax cut, the people that you tend to be benefiting are the better off.
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Americans tend not to be too enthusiastic about having their taxes raised again....But if the American people aren't going to accept it, if the politicians don't have the courage to raise taxes, what are we facing down the road?
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Income tax in particular in the United States is concentrated on the top half of the income distribution, and very heavily skewed towards the top 10 or even top 1 percent.
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There's no doubt that [tax cuts] act as a stimulus. How could they not, in a sense? You're giving cash back to households.
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