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re: Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Posted on 3/28/17 at 8:45 am to MFn GIMP
Posted on 3/28/17 at 8:45 am to MFn GIMP
quote:
From the article
quote:
Another reason for the discrepancy in the effects of the plans on the middle class is how Ryan's proposal would affect imports and exports. The plan includes a complex and controversial provision known as a “border adjustment,” which some economists think would increase prices for goods and services imported from overseas.
Eric Toder, an economist at the Tax Policy Center, said the group's initial analysis of this aspect of the plan treated it as a kind of tax on households' purchases, but many experts believe that Ryan's proposal would not have that effect over the long term.
Ryan's plan would be better for the middle class on that more optimistic assumption. “When we do it that way, there actually is a bit of a cut for the middle class,” Toder said
LOL.
Great job OP.
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