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Thread: Sarah Sanders
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Old 11-03-2017, 03:56 PM   #74
FantasticDan
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Join Date: Oct 2008
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Quote:
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Sara starts with a joke in her press briefing on 10/30, it explains perfectly how the President's tax cut helps everyone and not just the rich.....it's very funny.
Not quite..

https://www.forbes.com/sites/anthony.../#3d9f96d0733e

Quote:
Whoa, our happy little bar tale has suddenly taken an ugly turn, has it not? Because under the GOP's must recent plan, the average taxpayer in the richest 1% will enjoy a reduction in their tax bill of 18%, while the middle class will see a decrease in tax of 5% -9%.

It gets worse when you look at things from a percentage-of-after-tax-income perspective, where the richest 1% -- #10 in Sanders' story -- will walk away with an 8.5% increase in after-tax cash, while everyone from #7 on down will see a bump of just 1%.

Then there's the little matter that according to the Tax Policy Center, one-in-three taxpayers in #5, #6, and #7 would actually experience an INCREASE in their tax bill, meaning in Sanders' terms, they'd have to chip in MORE after the price of booze was reduced while #10 pockets the extra cash.

Finally, Sanders' story speaks to a bigger issue: why did she feel the need to spin a yarn justifying large tax cuts to the richest 1% when President Trump and Treasury Secretary Steven Mnuchin have both gone on record as saying that under their plan, #10 would pay the exact same amount for beers before and after the $20 price reduction. In other words, the richest 1% would experience no net benefit after tax reform is complete.

Perhaps that is in fact the case, the richest 1% will get no tax cut, and Sanders' performance yesterday will go down as a bigger waste of time than it already appears to have been.
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