Steve Bannon takes a populist turn against the admin… Wants to see tax increase on wealthy – PB/TK
Not Conservative: Steve Bannon Pushes For A Tax Hike On The Wealthy – By Susan Wright / July 3 2017
White House chief strategist Steve Bannon is pushing to jack up taxes on the wealthy, in order to pay for serious tax cuts for middle and working-class Americans.
It sounds great, until you remember this was supposed to be a Republican administration, and Republicans don’t tend to see punishing success as a viable way of growing the economy.
From Axios:
Bannon has told colleagues he wants the top income tax bracket to “have a 4 in front of it.” (The top bracket is currently 39.6% for Americans who earn more than $418,400.)
Meanwhile, Gary Cohn and Treasury Secretary Steven Mnuchin are going in the absolute opposite direction. Their aggressive goal is to slash the corporate tax rate.
Continue to redstate.com article: http://www.redstate.com/sweetie15/2017/07/03/not-conservative-steve-bannon-pushes-tax-hike-wealthy/
