This. It’s not as if they are printing literal money to give them.
Many companies benefit from tax deductions which give incentives to hiring new employees, investing in particular geographic areas of developing a sensitive industry
Comment on GOP Proposes $4.5 Trillion Tax Giveaway to the Rich While 'Ransacking' Food Stamps and Medicaid
dx1@lemmy.world 2 weeks ago
I hate the language around the federal budget. First, how budget figures are reporting in 10 year intervals, when everything else is reported in 1 year intervals. So everything sounds 10 times bigger. Second, how reductions in tax (like to the rich) are reported as “giveaways”. Taxes go in, not out. That’s a reduction in revenue, not an expenditure or liability. You can say, “shift the tax burden even more onto the lower and middle classes”. Then it’s actually accurate.
Shardikprime@lemmy.world 2 weeks ago
franklin@lemmy.world 2 weeks ago
It might be semantically incorrect but it is still a decrease in tax for the rich which given the current disparity in wealth frankly earns the slant.
dx1@lemmy.world 2 weeks ago
It is factually incorrect. It is not giving them money, it is taking less money from them.
franklin@lemmy.world 2 weeks ago
No it is not, you need to understand the difference between intended meaning, neither is incorrect, they just have different goals, it’s like the 10,000 definitions we have for the economy, there is an economists definitions and layman. Neither is implicitly wrong because they are all accepted meanings, especially when using the imperfect which in this context people often are.
dx1@lemmy.world 1 week ago
It’s not laymen, it’s a journalist.