You Won’t Believe What the GOP’s New Tax Bill Considers ‘Low and Middle Income’

For years, if not decades, Democrats have accused Republicans of being out of touch with reality — and modern times, for that matter. This is the party, after all, that calls liberals “elitists” which just elected a billionaire who puts his name on damn near everything he owns, from buildings, to vodka, to steaks, to bottled-freaking-water.

In the dictionary next to “narcissist” there should simply be a picture of Donald J. Trump.

This is also the same political party which has built most of its economic platform around the debunked idea that the best way to help improve the lives of poor and middle class Americans is by giving rich people more money. Forty years after this con was first perpetuated on the American people, I’m shocked that so many continue to fall for it.

For a great example of just how out of touch today’s Republicans are, look no further than their recent disastrous tax proposal. One where the GOP seems to think that $450,000 per year qualifies as “low and middle income.”

As reported by Newsweek:

On Thursday, House Republicans issued a fact sheet about their new tax cut plan that referred to Americans earning $450,000 a year as “low- and middle-income” — even though that income level would put those taxpayers in the top 0.5 percent of all individual Americans.

The GOP made the announcement as part of the rollout of the tax cut plan, saying they would cut tax rates from 39.6 percent to 35 percent for those $450,000-earning middle class members — but the announcement was quickly overshadowed by the Republicans’ bizarre understanding of wealth.

There is no formal definition of the American middle class, but the Tax Policy Center puts its “middle quintile” between $48,300 and $85,600 a year.

For those who might not feel like doing the math, $450,000 per year breaks down to:

  • $35,700 per month
  • $8,654 per week
  • $215 per hour (based on a 40-hour work week)

That’s what the GOP considers “low and middle income.”

Take a moment to truly appreciate the fact that people who are trying to essentially rewrite our entire tax code, claiming that they’re building a plan for the “middle class,” are so completely out of touch with reality that they think “low and middle income” stops at nearly half a million dollars per year.

Let me put it like this, let’s take the two numbers the Tax Policy Center claims are at the low and high ends of “middle class.” A person making the lower end ($48,300) would have to work just over nine years to make $450,000 while someone at the upper end ($85,600) would have to work just over five years to earn that amount of money.

Yet that’s apparently what Republicans think qualifies as “low and middle income.”

A question I always like to ask people who still believe in the scam most commonly known as trickle-down economics is when is that “wealth” supposed to start “trickling down”? For decades, “tax cuts for the rich” has been the battle cry for every Republican economic platform year after year. Now taxes are still at some of their lowest levels in history — yet income inequality sits at levels not seen since prior to the Great Depression.

At some point you’d think conservatives would wake up and realize what a con all of this is. There’s eventually going to reach a point where we can’t cut taxes anymore. Then what’s the GOP going to do to supposedly “spur growth and income”?

No matter how old I get, or how long I cover politics, it never ceases to amaze me to sit here and think about the millions of Americans who constantly vote against their own best interests.

Be sure to follow me on Twitter and Facebook and let me know what you think.

Allen Clifton

Allen Clifton is a native Texan who now lives in the Austin area. He has a degree in Political Science from Sam Houston State University. Allen is a co-founder of Forward Progressives and creator of the popular Right Off A Cliff column and Facebook page. Be sure to follow Allen on Twitter and Facebook, and subscribe to his channel on YouTube as well.


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