Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Mnuchin: It's Very Hard Not To Give Tax Cuts To The Wealthy
Posted
October 19, 2017
Views
97,056
Likes
2,303
Comments
362
Engagement
2.75%
October 19, 2017
97,056
2,303
362
2.75%
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7:42Now PlayingTrump scoured the country to find a Treasury Secretary as unscrupulous as he was. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss. Tell us what you think in the comment section below. Join TYT
"It’s just too tricky to reform the tax code without delivering a windfall to the wealthy, Treasury Secretary Steve Mnuchin said in an interview published Wednesday.
“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,” Mnuchin told Politico’s Ben White. “The math, given how much you are collecting, is just hard to do.”
Mnuchin is right in one sense: Because of the way the tax code adds layers of higher marginal tax rates as income rises, wealthy people automatically benefit if the lower rates are reduced, since they pay both the lower and higher rates.”*
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Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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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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