Skeptics of government policy to reduce taxes on saving argue that it would primarily benefit the rich.

Question

Quizplus · Accepted Answer

This skepticism is based on the understanding that wealthier individuals are more likely to have excess income to save and invest, thus they would disproportionately benefit from tax reductions on savings compared to lower-income individuals who may not have as much disposable income to save in the first place.

Skeptics of Government Policy to Reduce Taxes on Saving Argue