Posted on 06/23/2017 6:31:45 PM PDT by Kaslin
On Friday’s Morning Joe, MSNBC panelist Donny Deutsch pushed the typical liberal “tax cuts for the rich” narrative as he slammed the Republican health care reform bill: "The other side of the aisle will call this as a redistribution of wealth. Obviously, parties are given to hyperbole, but the reality according to the Center [for] Tax Policy is that 90 percent of the benefits in this plan go to families making $700,000 a year or more, the one percent. That is a fiscal reality." He demanded of Senator Rand Paul (R-KY): "How do you explain that to some of the people, uh, some of the elderly people, some of the middle-class people, so they let lower income people who are on the other side of that?"
To provide some context on the referenced study, The Center for Tax Policy, "is a joint venture of the Urban Institute and Brookings Institution," two liberal think tanks. The senator explained to Deutsch that the rich pay more in income taxes while the poor pay almost nothing. Therefore, tax cuts will always benefit the rich disproportionately:
I think this is the same debate we get into anytime we want to cut taxes and it is really a math problem and people distort math to try to have partisan results. So, for example, the top one percent pay about 33 percent of the income tax. So the top 10 percent, those who make more than 200,000 pay 66 percent of the income tax. So if you have a flat tax and it’s sort of a math problem in the sense that if you cut taxes ten percent, the person who makes 100,000, 10 percent is a bigger number than 10 percent is at 10,000. But we also have a tax code that most people on the lower end are not paying much. Gradually over time we’ve taken people off the rolls at the very lowest end. So over 75,000 pay only four percent of the income tax. So really, it's disingenuous to say this is a tax cut to for the rich. All tax cuts will benefit people who pay more in taxes before the tax cut. That’s just a fact.
Sen Paul Uses 3rd Grade Math to Explain How Tax Cuts Work, Donny Deutsch Still Doesn't Understand
This was far too complicated for a member of the MSNBC family. Deutsch came back with this question: “But it is a four percent tax cut as far as on investments, in terms of payroll tax, it is a tax cut for the rich.” Paul’s answer had Deutsch shaking his head, leaving us to believe the marketing expert does not comprehend basic math:
Well, what it is is that the rich pay more in taxes and so any time you have a tax cut, even if you make it equal across the board and it's not like we're choosing people that have investment income. It just happens that this was a tax increase that was placed on the wealthy. When it comes off, it will be a tax cut for the wealthy, but the thing is the wealthy pay the taxes, so any tax cut, even if it is equal in percentage across the board will always benefit those who pay more in taxes.
Donny Deutsch flunked 1st Grade math.
Next time, better bring some oversized, colored blocks to demonstrate.
Donnie, here’s an example you may be able to comprehend:
You and I go to a restaurant and order a pizza. It costs $15. Unfortunately, we discover you’re just about broke, and only have $2 to contribute. I pay for the rest.
Because I’m not a jerk, I let you have a larger portion than your $2 would entitle you to, and that’s fine, although not really fair to me.
Later, the waiter comes back and says, “We’re sorry, we overcharged you by $5. Here you go!”
Donnie, you put in $2 and I put in $13. What percentage of the $5 coming back do you feel you’re entitled to? 50%? If you say anything less than that, you’re a hypocrite. If you say 50%, you’re an jerk.
Which is it, Donnie?
The intent of the cuts are to stimulate the economy, not create more welfare! Welfare is not a stimulus program. Libs have a different set of metrics for sucess. More welfare, more government programs = dependency = votes = dem sucess.
Actualy another universe of which they know nothing.
“Welfare is not a stimulus program.”
Here in Seattle it sure is. Over the years they have kept increasing funding for homeless people. You should see the huge number of people camped out along the freeways now!
This supports my theory that liberals are so angry and destructive simply because they are very ignorant. It is an ignorance born of either laziness or narcissism or a combination of the two.
The laziness is self explanatory and the narcissism leads them to believe that they know it all. Understanding the truth of things always takes study, an open mind and hard work.
Absolutely, and put a 1/2% tax on every stock transaction.
NO! Everyone pays. The sooner kids realize what’s happening with their money the sooner they’ll drop the kool-aid liberal talking points.
*************************************************************
Totally agree!!! Not sure if you really meant “everyone” but it is my position that even those on welfare of any kind should pay something, even if it is just 1%. These people like the rest of us should also be subject to EVERY tax increase as well as every tax cut.
In this way they certainly would sit up and take notice when the Liberals advocate for tax increases or the Conservatives advocate for tax cuts. The way it is now those who pay nothing, care nothing if taxes are increased because it has no effect on them. Yet these same people WHINE when they are told they will get nothing when taxes are cut. The idea of not getting a reduction in that which you must pay when you pay nothing to begin with is foreign to these people.
There is nothing like having “skin in the game” to keep ones interest in matters such as this at a peak level. There would be little support for tax increases if those on welfare knew they would be subject to same.
” it is a tax cut for the rich.”
That is what the socialist gods tell them so they can’t get past it.
bmp
I mean everyone pays All should have skin in the game.
Everybody who works should pay an equal rate of taxes on all amounts after a standard deduction.
Otherwise the system is as socialist as it is.
Don’t forget a 35% tax on all foreign remittances, esp to Mehico! If they’re not paying income tax on their illegal earnings, they should pay tax on sending it out of country.
Rand Paul is not the brightest bulb. Tax cuts create JOBS and provide living wages w/o more welfare.
Tax brackets have always been higher for the wealthiest. I recall 25% in 66 and 67 in the Army. Basic Econ 201 MRC =’s MRP. You lower taxes and you have more production/cost efficiency/and more workers.
You have any Indian in you?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.