Supply-Siders and Taxes
- Share via
Kuttner’s column attacking lower rather than higher taxes on the rich is a typical half-truth story from the left. Why?
Taxes on the rich, i.e., incomes over $140,000, are a very small percentage of the total U.S. taxes and raising those taxes, even substantially, amounts to no real impact on the budget. It’s a red herring!
Government tax revenues rose dramatically in the aftermath of the Reagan tax cut in 1981. Kuttner fails to point this out. The problem was (and is) that Congress increased spending more than the increased revenue. Kuttner avoids this key issue .
JAMES D. WHELPLEY
Los Angeles
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.
