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But we saved everything 🙂.
Kyle Pomerleau highlights that inframarginal rate reductions on taxes will result in tax cuts for all households with a positive tax liability, including those in the top 1 percent.
Pomerleau adds that if the objective is to provide cash assistance to low-income households, such measures will likely be ineffective since these households pay little or no income tax.
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Pomerleau has previously noted that U.S. debt levels could be reduced by either raising taxes or cutting government spending, according to an earlier analysis. He has also cautioned that presenting statistics about the top 1%’s share of income taxes without sufficient context can mislead on broader tax issues, as discussed in a separate commentary. These insights frame his perspective on tax policy changes and their distributional impacts.