Steve Bannon Goes Rogue On Tax Cuts, Nobody Cares.
July 6, 2017
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7:28Now PlayingSteve Bannon Goes Rogue On Tax Cuts, Nobody Cares.
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as posted by the channelThe Swamp doesn't care about Steve Bannon's fauxpopulist tax ideas. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
"Jonathan Swan of the news website Axios reported late Sunday that chief strategist Steve Bannon is advocating a hike on the top tax bracket to finance a dramatic cut on taxes for middle- and lower-income Americans.
Bannon wants to get the top tax bracket, which stands at 39.5%, into the 40s, according to Axios. The top bracket applies to individuals making $418,400 or higher and couples making $470,700 or higher.
While this may not please many large Republican donors or political action groups, it is a popular message for tax reform. According to a Morning Consult/Politico poll in May, 62% of Americans believe that "upper-income people" pay too little in taxes.
The Axios report also included other insights into the Trump administration's push for tax reform, including:
* Gary Cohn is getting impatient: The National Economic Council director reportedly told people that tax reform probably wouldn’t get done at all if it didn’t happen this year. With focus shifting to 2018 midterms after that, now may be the best time.”*
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Hosts: Cenk Uygur
Cast: Cenk Uygur
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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