They claim that tax cuts can benefit everyone, especially the middle class who are feeling the squeeze of the cost-of-living crisis. But tax cuts may not be the best solution for this problem. In fact, tax cuts may have negative effects on two important values that underpin a fair and prosperous society: inequality and universalism. Of course, this does not mean that universalism is always superior to targeting or that tax cuts are always negative. There may be situations where targeting or tax cuts are justified or necessary depending on context or specific objectives.

Source: Washington Post June 01, 2023 07:22 UTC