Inequality.org: Two Sides, Same Coin: Suppressing Votes, Cutting Rich People’s Taxes

But those surpluses, points out Institute on Taxation and Economic Policy analyst Neva Butkus, reflect a set of special circumstances that range from billions in federal Covid aid to changes in tax-filing deadlines during the pandemic that have left many 2020 and 2021 tax payments getting collected in the same fiscal year. Using the surpluses these special conditions have created as an excuse for permanently cutting the taxes rich people pay makes no fiscal sense.

The same legislators who were touting tax cuts for the rich as the perfect solution to our problems before the pandemic, adds ITEP’s Butkus, are now calling tax cuts for the rich the solution to our problems during the pandemic.

“Tax cuts,” she notes, “cannot be a solution to everything.” Read more

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