Common Dreams - Republican proposal in Congress being backed by President Donald Trump is exactly the opposite of what is needed if lawmakers want a policy that can reduce the total number of Americans that die each year.
Given GOP tax proposals making their way through Congress, professor Daniel Kim, who studies public health at both Northeastern University and Paris Descartes University in France, says that "it is critical that policymakers consider the potential public health implications of these tax reforms."
For the study, published Monday in the journal Preventive Medicine, Kim compared current law with tax proposals put forth by then-candidates for the 2016 presidential election Bernie Sanders and Donald Trump. He also looked at a modified Sanders plan that includes a higher marginal tax rate of 75 percent for those with incomes above $500,000—a rate that is "not without precedent," Kim writes, noting the time periods 1964 to 1981 and 1944 to 1963. He also looked at a modified Sanders plan that combined the higher tax rate with redistribution of revenue from the highest three tax brackets to households with after-tax incomes of less than $40,000.
Using tax records from the Internal Revenue Service and available research on income and inequality associations with mortality, Kim projected that the Trump plan would increase inequality and lead to an increase of 29,689 deaths per year from all causes. The Sanders plan, meanwhile, decreased inequality and was projected to decrease the number of deaths from all causes by 31,302 annually.
1 comment:
Lower taxes = more economic growth = more jobs and higher wages = more prosperity less poverty less death.
As opposed to the Democrat Party (unannounced) policy of 2% or less growth in GDP - sure formula for death and poverty! But hey, we saved the environment for all of you winners!
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