You’d have to make up the lost tax revenue from somewhere. Either by increasing or creating some other tax, or by cutting spending.
The programs that would be likely to be cut are ones that poor people need. And he’s likely to try and throw down a federal sales tax, which loads a higher tax burden on poor people.
Without those details, “eliminating federal income tax for people making under $X” cannot be qualified as good or bad. You must define the other parts of the equation.
Setting aside the fact that he’s lying –
You’d have to make up the lost tax revenue from somewhere. Either by increasing or creating some other tax, or by cutting spending.
The programs that would be likely to be cut are ones that poor people need. And he’s likely to try and throw down a federal sales tax, which loads a higher tax burden on poor people.
Without those details, “eliminating federal income tax for people making under $X” cannot be qualified as good or bad. You must define the other parts of the equation.