gcomeau wrote:..snip..
This is a circus, where the fiscal health of the entire country hangs in the balance.
Well, they are dead set on passing this because of trickle up economy but they sell it as trickle down economy.
When someone says trickle down economy works they are either too stupid to understand it or lying through their teeth. Records show that every time you introduce tax cuts for the rich and the corporations it invariably lead to a worse income inequality - which is kind of natural if you think about it.
If one looks at the different "tax reforms" that has been introduced in US since 1979 to 2005 for which trickle down economics was the basis, the 5th lowest incomes only increased 6% after tax but the 5th highest increased 80%. The top 1% increased their income 300%...
So, in other words, trickle up economy.