And you thought the GOP always supported tax cuts! In yesterday’s NYT, Michael Strain of the AEI argued that tax cuts for low and middle income families should be avoided, because they would increase demand and cause inflation. This, as opposed to virtuous tax cuts for the wealthy, who always use the money to invest in new businesses and create jobs.
In reality, regressive tax cuts are just used by the wealthy to drive up asset prices, buy government securities, and build dollar stores, because we no longer have a middle class to purchase goods and services.
This is class warfare openly declared by the affluent—nothing more or less.