Taxes

“It’s Very Hard” to Not Cut Taxes for the Rich, Mnuchin Says

JM Ashby
Written by JM Ashby

Treasury Secretary Steve Mnuchin and several other members of the Trump regime have insisted that the rich will not actually see their taxes go down under their plans because any tax cut they receive will be offset by a tax hike, but we all know that's bullshit and Mnuchin is slowly admitting it in the most absurd way possible.

Mnuchin participated in an interview with Politico when he lamented that it's "very hard" to not cut taxes for the rich.

"So when you're cutting taxes across the board, it's very hard not to give tax cuts to the wealthy with tax cuts to the middle class," he concluded. "The math, given how much you are collecting, is just hard to do."

It's actually very easy to not cut taxes for the rich.

Here's how you do it: you don't

President Obama signed permanent tax cuts into law for families making less than $400,000 per year. That's a higher threshold than I would have liked, but he did manage to cut taxes for a majority of Americans while raising taxes for the super rich. He accomplished that even while navigating unprecedented Republican obstruction in Congress.

Congress can cut or not cut taxes for virtually anyone they'd like to. There's no magical limit or line in the sand that will force them to cut taxes for the rich.

  • Aynwrong

    Republicans just say things. The factual basis of those things is immaterial.

  • To be fair . . . it IS hard. When you’re an idiot.

  • Badgerite

    Democratic presidents ( Clinton and Obama) have managed to target a tax cut to the middle and lower income Americans and low and behold, the economy does well and all income levels prosper. Try that, why don’t cha.

    • Christopher Foxx

      Sure, those tax cuts actually worked and made things better for every income level. But those were things done by Democratic presidents and therefore are are evil, socialism and destroyed the moral fabric of our great nation, no matter how many Americans they actually made life better for.

  • Dread_Pirate_Mathius

    Try this: add a new marginal rate of 90% for income above $2mm.

    Wow.. that was hard. Maybe I should be the new Treasury Secretary? Or do you have to have worked for Goldman Sachs in order to hold that position?

  • Draxiar

    Sure it’s hard to not cut taxes for the rich when 1) you’re rich 2) your buddies are rich 3) your former company is obscenely rich 4) the thief you work for is rich.

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    • Christopher Foxx

      And 5) when you’re utterly vile and morally bankrupt.