> Political suicide to roll back tax breaks if they are primarily for the <$150k earners, like trump wants.
What tax breaks has he aimed at these people beyond some of the overtime and tipping (which is expected to only equate to about $2K)?
Instead:
>The largest tax cuts would accrue to the highest-income families, the Treasury said.
> Household in the top 5% — who earn more than $450,000 a year, roughly — are the “biggest winners,” according to a July 2024 analysis by the Urban-Brookings Tax Policy Center. They’d get over 45% of the benefits of extending the Tax Cuts and Jobs Act, it said.
> A Penn Wharton Budget Model analysis on the impacts of the broad Republican tax plan had a similar finding.
> The bottom 80% of income earners would get 29% of the total value of proposed tax cuts in 2026, according to the Wharton analysis, issued Thursday. The top 10% would get 56% of the value, it said.
