Unintended pun here but this is still just nibbling around the margins rather than the needed wholesale scrapping of the current law and the (un-Constitutional) 16th Amendment while adopting a Fair Tax/Flat Tax/999 plan that would remove the power to enslave (tax) from DC.
>> But the cut in marginal tax rates also increases the “price” of leisure. Every hour you don’t work, you’re giving up more real income because your net-of-tax income per hour has increased. So you’re inclined to work more. This effect is called the substitution effect. <<
Get back to work, SLAVES!!! The banking industry has learned you are starting to parent, and we will not have any of that!
Boy, good way to save those (C) seats in Congress. Either ALL get a break, or none. Why is that so difficult?
Yet, not even heard (but easy to noodle): graduated Income tax = graduated slave tax. Income is the WORST way to tax.