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Conventional wisdom on government's role in inequality often has it backwards. Tax reforms have resulted in a more progressive federal income tax; government transfer payments have become less progressive. ↗
#become #conventional #conventional wisdom #federal #government
I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation. ↗
In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government. ↗
President Obama's reckless defense cuts that are hanging over our cloud, hanging over the horizon could put almost 44,000 jobs at stake right here in Pennsylvania. we are not going to let that happen. You know why? Because No. 1, national defense is the first priority of the federal government. ↗
Seven hundred and sixteen billion dollars, funneled out of Medicare by President Obama. An obligation we have to our parents and grandparents is being sacrificed, all to pay for a new entitlement we didn't even ask for. The greatest threat to Medicare is Obamacare, and we're going to stop it. ↗
#being #billion #dollars #entitlement #even
