Media often publish articles explaining how tax cuts only benefit “the rich.”
From the New York Times’s article, “You Know Who the Tax Cuts Helped? Rich People,” and a Newsweek piece entitled “Trump’s Tax Cuts Didn’t Benefit US Workers, Made Rich Companies Richer, Analysis Finds,” to similarly headlined articles in Vice, the Washington Post, and Vanity Fair, it’s a common narrative.
But crucial facts are often missing in these articles. As a recent Bloomberg piece explained, two key points tend to be overlooked in articles written by media outlets and progressive tax proponents...
https://fee.org/articles/this-aei-chart-shows-why-it-s-hard-to-give-poorer-americans-a-big-tax-cut/
From the New York Times’s article, “You Know Who the Tax Cuts Helped? Rich People,” and a Newsweek piece entitled “Trump’s Tax Cuts Didn’t Benefit US Workers, Made Rich Companies Richer, Analysis Finds,” to similarly headlined articles in Vice, the Washington Post, and Vanity Fair, it’s a common narrative.
But crucial facts are often missing in these articles. As a recent Bloomberg piece explained, two key points tend to be overlooked in articles written by media outlets and progressive tax proponents...
https://fee.org/articles/this-aei-chart-shows-why-it-s-hard-to-give-poorer-americans-a-big-tax-cut/