On Monday White House press secretary Sarah Huckabee Sanders started the news briefing with addressing the president’s new tax plan.
“I’d like to start the briefing today by addressing a topic that I know all of you are preparing to ask me about, and that’s tax reform,” Sanders laughed, (after all that was the day Paul Manafort was indicted). “A couple of you got it.”
“This story has been floating around the internet for a while, and it’s important to keep in mind that the numbers are not exact, and I’m also not encouraging any drinking,” Sanders joked. “So file that away — it’s mostly for my parents. But I think you’ll enjoy it.”
“Suppose that every day, 10 people — for our purposes, we’ll say reporters — go out for beer, and the bill for all 10 comes to $100,” she stated.
“If these 10 reporters paid their tab every night the way we pay our taxes, it would go something like this: first four, the poorest, would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth, the richest, would pay $59. So that’s what they decided to do.”
“And that, ladies and gentlemen, is how our tax system works,” she ended.
“The people who already pay the highest taxes will naturally benefit from a tax reduction, but not the largest percent benefit. Taxing them too much — attack them — and they might start drinking overseas, where the atmosphere is somewhat friendlier.”
And as expected the reports were more interested in the indictments that were unsealed that day than the tax reform.
Anyhow, for the people who are wondering why the wealthiest Americans are getting tax cuts, the answer is pretty simple: It gives more opportunities for Americans.
A decade has passed since the Great Recession, and we haven’t recovered still, in order to do so more job openings is what we need and tax policy is the best way to create new jobs.