Taxes v. Welfare
Former MSNBC host Mehdi Hasan claims that “tax cuts” for billionaires are no different than student loan debt “forgiveness” for the rich because they both transfer “funds from certain citizens to others.”
IN FACT, real tax cuts allow people to keep more of their own money, not take it from others. Furthermore, true federal tax rates (all taxes ÷ all income) paid by the wealthy are much higher than all other groups and have been roughly level as far back as data extend:
