GOP tax proposals continue to favor the rich

Posted at 10:05 AM, Sep 13, 2015
and last updated 2015-09-13 12:05:47-04


Some Republican presidential candidates are talking a populist game, but their tax plans favor the wealthy.

Jeb Bush was the latest to offer one, and his plan last week has some ideas targeting the middle class and working families.

But even a sympathetic analysis showed that most of the plan's benefits would accrue to the wealthiest.

Democrats contend that fits with Republican politics, where conservatives rush to outdo each other in their zeal to cut taxes for corporations and the rich. 

Conservative economists note that any federal income tax cut will inevitably favor higher earners because they already pay such a large share of taxes.

And conservatives say cutting federal income taxes is the best way to spur growth that will help all in the United States.