Wednesday, October 25, 2017

Obama versus Clinton on Tax Policy

One of the mutual memes virtually taxation policy is that President Obama simply wants to provide the taxation code to where it was during the Clinton years.  The problem is, this is simply non true.

This tabular array from the Tax Policy Center is useful inward dispelling the myth.  Compare the far left column (Clinton-era taxation policy) in addition to the far correct column (Obama's proposed tax policy).    It shows the following: Compared to President Clinton, President Obama would cutting the effective taxation charge per unit of measurement past times virtually ii pct points for the bottom 99 percent of the population in addition to heighten the effective taxation charge per unit of measurement past times virtually ii pct points for the pinnacle i percent of the population.

You tin forcefulness out concur or disagree amongst that policy choice.  But the facts are clear.  President Obama's policy preferences are more focused on income redistribution (aka "class warfare") than President Clinton's taxation policy always was.
Sumber http://gregmankiw.blogspot.com/

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