Quote:
Originally posted by Captain
Wasn't the choice of eliminating the various exemptions itself social engineering, since it shifted much of the tax burden down the economic scale? Which was, of course, the point and goal of supply-side economics.
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Two separate choices. Eliminating the exemptions means a different direction, but it also means that there are fewer focused incentives that distort baseline economic activity.
Separately, eliminating those exemptions may have altered the tax burden to lower income people (although usually it works the other way around). There's no reason, however, that it had to be that way. One could always alter the brackets as necessry.
