Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy – AP
“Under Trump’s plans, someone in the top 0.1% of earners would after taxes get on average $376,910 more in income. The poorest 20% would get just $320 more.
“Harris’ policies would reduce the average incomes of the top 0.1% by $167,225. But the bottom 20% get $2,355 more in income and benefits.
“‘Bigger picture: both Harris and Trump are causing the debt path to rise even faster than the fast pace under current law,’ said Kent Smetters, the faculty director of the Penn Wharton Budget Model.”
Both candidates are talking around how much it will be necessary to increase taxes on the group they value and represent the most — the professional/managerial class — in order to control growth of the national debt.