A $1,000 per month cash handout would grow the U.S economy by $2.5 trillion, new study says

[sethnintendo]

numberwang said:

specialk said:

Tax cuts almost always disproportionately favor the wealthy.

Because the wealthy pay more (income) taxes... you can't cut taxes for someone who does not pay them in the first place. Half of Americans already have 100% tax cut for their income meaning they pay no (income)tax.

Yet the poor pay a higher pecentage in Social Security tax than the rich (the rich stop getting taxed on income above 118k), they pay local sales tax on purchases, etc.  Yes they might not pay taxes on their income but they pay plenty of other taxes.