Later On

A blog written for those whose interests more or less match mine.

Cogent comment from Paul Krugman on proposed GOP tax plans

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Krugman in his blog:

. . .  I do want to weigh in for a minute on Donald Trump’s tax plan — which would, surprise, lavish huge cuts on the wealthy while blowing up the deficit. That’s in contrast to Jeb Bush’s plan, which would lavish huge cuts on the wealthy while blowing up the deficit, and Marco Rubio’s plan, which would lavish huge cuts on the wealthy while blowing up the deficit.

At this point there are no Republican candidates deviating at all from the usual pattern. Why, it’s almost as if nobody in the party ever cared about deficits except as an excuse to slash social spending, and is totally committed to redistributing income upward.

And there is, of course, no evidence — zero, nada, zilch — that cutting taxes on the rich will yield large economic benefits.

What we’re seeing here is a party completely incapable of reforming …

Written by LeisureGuy

29 September 2015 at 12:49 pm

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