The great tax shift: How politicians promise tax cuts, then shift the costs onto you
Politicians make a lot of promises about taxes.
Ted Cruz claims:
As Washington pads Wall Street’s pockets, hard-working Americans get left behind. My tax plan will change that.
Donald Trump claims he’ll “make America great again” with his tax plan. Others have similar plans. Flat taxes, “fair” taxes, etc.
We’ve been hearing these same claims for 40 years. What actually happens is that politicians lower taxes, primarily for the wealthy, and then they do one of two things: 1) shift the costs onto you, or 2) run deficits.
When you hear pundits and politicians talk about taxes, forget what they say. The truth is simple: You’re going to pay more, and the wealthy are going to pay less.
As tax day approaches, here’s a story you won’t hear in the corporate media.
Donald Trump speaking at CPAC 2015 in Washington, DC (Gage Skidmore/CC-BY-SA 3.0)
