Moreover, President Trump's newfound concern about 401(k) plans doesn't reflect a genuine commitment to helping low- and middle-income workers save for retirement. The primary beneficiaries of traditional 401(k) plans and other tax-deferred retirement accounts are not the "middle class": Rather, the Treasury Department estimates that half of the tax benefits of these accounts go to households in the top tenth of the income distribution. A mere 3.5 percent of the benefits go to families in the bottom half.
The whole goal of all of this is to eliminate class mobility and protect the mostly white upper class from being watered down by the rest of us. Don't view this as misled ideologues who are stuck between a rock and a hard place. This is part of their mission.
lol, trump thinks he's going to get a tax bill by Christmashttp://thehill.com/homenews/administration/358021-trump-wants-to-sign-tax-bill-by-christmasI remember when obamacare was going to be repealed by like march. I'm sure they will finish this more difficult task in less time than it took them to fail at the last one.
GOP senators fear bill will be cast as gift to rich
A Reuters-Ipsos poll released last week found that less than a third of Americans support Trump's tax plan.The survey found that 63 percent of Republicans said deficit reduction is more important than tax cuts for corporations, and 75 percent said it was more important than tax cuts for the wealthy.
Would be nice to have a balanced budget though.
Quote from: Testy Calibrate on November 01, 2017, 01:30:34 AMWould be nice to have a balanced budget though.At the federal level? Why?At least one effect of a balanced budget would be to start collapsing the US Treasuries market.