(From The National Review)
Because the Right has bought into the heretical argument that the rich in our country do not pay enough taxes. I am not talking about the politics of this, but rather the policy. Secretary Mnuchin did something very interesting in our meeting today. He said that “anyone under $300,000 of income regardless of your state is going to see a tax cut from this reform,” and I basically believe he is right about that. Yet his next sentence was, “But we didn’t design these cuts for those over $1 million of income; they will see their taxes go up in certain states.”
This is interesting on two levels. Most obviously, there is a big gap between $300,000 and $1 million, and the sleight of hand between those two sentences should not be missed by hundreds of thousands of hard-working American doctors, dentists, business owners, programmers, accountants, and more. Yes, they make a good living, but it would be news to them that they are not paying their fair share. Secondly, even for the admittedly high-income — for those above $1 million — “the tax cuts were not designed for you” and “you will see your taxes go higher” are two sentences that need not go together.