Senator Bernie Sanders has posted his thoughts on the tax cut proposal.

At a time of massive wealth and income inequality, President Trump’s tax plan is morally repugnant and bad economic policy.

His post refers to the NBC story GOP Plan Cuts Corporate, Individual Taxes and Repeals the Estate Tax.

Normally, raising taxes is not thought of as a way to stimulate the economy. However, in the current circumstances, taxing away some of the money from the rich who do not use that money to stimulate the economy, and putting it to better use in stimulating the economy would actually be a net benefit to reviving the economy. I am not saying this is the only way, or necessarily the best way, but the argument is a good counter-weight to Trump’s belief that tax cuts will stimulate the economy. Tax-cuts under the current circumstances will only put the economy into a deeper sleep.