Conservatives Hate Taxes, Unless They’re For the Poor

Shaila Dewan in the New York Times observes that “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.”

“Just as the tax burden has shifted away from the wealthy, the wealthy have received a huge share of income growth in recent years.”

“While the bottom fifth of earners pay more than 10 percent of their income in state and local taxes, the top 1 percent pays closer to 5 percent

” less regressive tax code is the answer to state budget woes, in what is basically a sophisticated pitch for a millionaire’s tax … Taxing the top fifth of earners at the same rate as the middle class would bring in $200.5 billion to state and local coffers … Taxing just the top 1 percent at the same rate as the middle class would bring in $88.5 billio.”

Paul Krugman asks: “Can anyone show me an example of a prominent Republican politician proposing anything that would reduce after-tax-and-transfer inequality?”

FavoriteLoadingSave to Favorites
  • theGOONIES

    Blah blah blah. Politics of envy ate all the lose left has

  • The_REAL_Voice_of_Reason

    So sad. BTW did you hear….Scott Walker didn’t finish college!!!!

    THE HORROR!!!!!!!!

  • The_REAL_Voice_of_Reason

    So sad. BTW did you hear….Scott Walker didn’t finish college!!!!

    THE HORROR!!!!!!!!

  • The_REAL_Voice_of_Reason

    So sad. BTW did you hear….Scott Walker didn’t finish college!!!!

    THE HORROR!!!!!!!!

Read previous post:
New Congress is Just as Unpopular as Ever

Gallup: "More than a month into the tenure of the Republican-controlled 114th Congress, the partisan makeover of America's legislative body...

Close