Why Cutting High-Return Public Programs for Tax Breaks Just Doesn’t Add Up
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*The reason high-income tax cuts have such a low multiplier is that wealthier individuals are more likely to save extra income, while lower-income households tend to spend it right away (i.e., injecting money back into the economy).
Good job
*The reason high-income tax cuts have such a low multiplier is that wealthier individuals are more likely to save extra income, while lower-income households tend to spend it right away (i.e., injecting money back into the economy).