continued from page 57.2%. But ….
continued from page
57.2%. But the rates wouldn’t reach down into the middle class. In fact, Democrats from high state taxes are determined to raise the cap on federal tax deductions for state and local taxes — limited in Donald Trump’s tax reform — to reduce the tax bite on their relatively affluent constituents.
Maybe don’t increase taxes in the first place?
Indeed, rather than trying to spend historic amounts of money while their slender majorities last, it’d be better for the country if Democrats sought to fund their priorities by reallocating dollars within the already vast federal budget. But standing the aforementioned Benjamin Franklin on his head, they believe that a trillion saved is a trillion wasted.
Rich Lowry is editor of the National Review.