TYT: Tax Cuts For Rich, Tax Increases For Everyone Else

[WhoIsNumberNone]

"A number of Republican-led states are considering tax changes that in many cases would have the effect of cutting taxes on the rich and raising them on the poor.

Conservatives are known for hating taxes but particularly hate income taxes, which they say have a greater dampening effect on growth. Of the 10 or so Republican governors who have proposed tax increases, nearly all have called for increases in consumption taxes, which hit the poor and middle class harder than the rich.

Favorite targets for the new taxes include gas, e-cigarettes, and goods and services in general. Gov. Paul R. LePage of Maine, who wants to start taxing movie tickets and haircuts, is also proposing a tax break for the lowest-income families to relieve some of the pressure.

At the same time, some of those governors — most notably Mr. LePage, Nikki R. Haley of South Carolina and John R. Kasich of Ohio — have proposed significant cuts to their state income tax. They say that tax policies that encourage business growth provide more jobs and economic benefits for everyone."

Read more here: http://www.nytimes.com/2015/02/14/upshot/states-consider-increasing-taxes-on-poor-cutting-them-on-affluent.html

[daleanime]

1. K&R....

[kokobell616]

2. Wrong

The Governors whose job it is to represent all the people in their states seem to be acutely aware that helping those with the ability to finance their position receive greater accommodation. Money wins. Basic politics.

[Enthusiast]

4. It's not basic politics. It is entirely new. This is trickle down on steroids.

This nation has had a progressive tax system for most of its history.

[TheFarseer]

3. We need a tax truce between the states

So they're not trying to out-tax cut each other to get business and rich retirees etc to come to their state with the tax shifting tricks he was talking about. I'm so sick of hearing about how Texas is so smart because it has no income tax. Yeah, if Nebraska had oil we probably wouldn't either. You're not so Gad damn smart.