Cheney Free Press -

Tax cut is for the rich only

Letter to the Editor

 

January 11, 2018



In her Email to constituents, Representative Cathy McMorris Rodgers exclaimed “This is huge!” And indeed it is HUGE! The recently-passed tax bill is a HUGE boondoggle for the rich!

The nonpartisan Tax Policy Center estimates that, under the law, the middle fifth of American households will see an average increase in after-tax income next year of $930 while the top 1 percent gets an average increase of $51,140! This is paid for by an approximately 1.5 trillion dollar increase in national debt over 10 years (nonpartisan Congressional Budget Office). That is HUGE!

Economist Lisa Brown,...



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