2015/02/14

'States Consider Increasing Taxes on Poor, Cutting Them on Affluent'

Mark Thoma excerpts from 'States Consider Increasing Taxes on Poor, Cutting Them on Affluent'.

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, virtually all have called for increases in consumption taxes, which hit the poor and middle class harder than the rich.

Emphasis Mine

The ruling class looks after its own.

No comments: