1. I’m not sure why you think it’s not their job. If we did a responsibility matrix for the Fed, they wouldn’t be responsible or accountable for tax policy but they would be consulted. Obviously we want monetary and fiscal policy to work together for the most impactful outcomes. Government agencies and bodies advise each other all the time, and that’s a good thing. It’s call effective governance.
2. I’m not sure why that’s relevant to this conversation and I also reject your premise that tax cuts on the wealthy help the middle class. The last round of cuts made the corporate tax rate lower permanently and the individual and family tax cuts expire soon. Of course if you live in an expensive place like California or New York, you received a tax increase, not a cut.
2. I’m not sure why that’s relevant to this conversation and I also reject your premise that tax cuts on the wealthy help the middle class. The last round of cuts made the corporate tax rate lower permanently and the individual and family tax cuts expire soon. Of course if you live in an expensive place like California or New York, you received a tax increase, not a cut.