GOP Governors Rollout Regressive Tax Plans

  1. You have chosen to ignore posts from UserName99. Show UserName99's posts

    GOP Governors Rollout Regressive Tax Plans

    Governors Push Bigger Reliance on Sales Taxes

    WASHINGTON — Republican governors are moving aggressively to cut personal and corporate income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.

    Even as Washington continues to discuss, if not act, on ideas for making the federal tax system simpler and more efficient, governors, some with an eye on the next presidential race, are taking advantage of the improving economy and a gradual rebound in revenues to act.

    In Louisiana, Gov. Bobby Jindal is pushing to repeal the state’s personal and corporate income taxes and make up the lost revenue through higher sales taxes. Gov. Dave Heineman of Nebraska is calling for much the same thing in his state. Gov. Sam Brownback of Kansas wants to keep in place what was supposed to be a temporary increase in the state sales tax to help pay for his plan to lower and eventually end his state’s income tax.

    Along the way these governors are taking small first steps into a debate over what kind of tax system most encourages growth in a 21st-century economy. In particular they are focusing attention on the idea, long championed by conservatives but accepted up to a point by economists of all stripes, that the economy would be better served by focusing taxation on consumption rather than on income.

    Taxing consumption has the potential to lift economic growth by encouraging more savings and investment. But the shift could also increase inequality by reducing taxes predominantly for the wealthy, who spend a smaller share of their income than middle- and lower-income people.

    http://www.nytimes.com/2013/01/25/us/politics/republican-governors-push-taxes-on-sales-not-income.html?pagewanted=1&hp

    ---------------------------------------

    If these governors feel their states don't need to tax their citizens at current rates, I would suggest they don't need to tax other Americans either. Most of these states take more federal money than they contribute. It would follow that any state that doesn't need to tax its corporations doesn't need federal money either. We should allocate these funds back to the states that contribute more than they have taken back from the federal government, the ones form which these "lower state income tax" states are expecting to take jobs.

     
  2. This post has been removed.

     
  3. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    In response to GreginMeffa's comment:

    Along the way these governors are taking small first steps into a debate over what kind of tax system most encourages growth in a 21st-century economy

    ------------------------------------------

    Terrible!

     

    I'm guessing you would deny New Hampshire federal funding right?



    Well.....NH doesn't take more federal funds than its residents pay in, so thats not a good comparison.

    Make no mistake. When these states cut their revenue intake, guess what these "anti tax" political weaklings will do? They will cry and moan that they need more federal tax dollars to cover their costs. Which means that the rest of the states will pay more. This is nothing more than the de facto creation of a entitlement for the careers of Tea Party Politicians.

     
  4. This post has been removed.

     
  5. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    In response to Newtster's comment:

    Maybe you will figure it out when we start losing more jobs and high income taxpayers to these states. Heck, why do think Rose Kennedy suddenly became a citizen of FLorida when she died??

    Look at the disaster that is California. The revenues go down, they increase rates and the revenues go down further. People and business are leaving that state in droves. And behind are left a higher and higher percentage of low income earners and others that are a burden on state services.

    I cannot remember the exact dates but California's population has grown by 1 million in the last ten years with only 100,000 more people paying taxes - the way you would want it - "progressive" income taxes.

     




    Are you sure you want to use California as an example?  The state is booming since its cleansed itself of republican lawmakers who have been obstructing governance there for years.

     

     

     
  6. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    California "booming"? LOL.. The booming sound is the sound of millions of hardworking self reliant folks leaving the state, and millions of illegal immigrants and government dependents of all kinds flocking in...

    Imagine, GOP Governors actually reforming  the arcane tax system and changing and proposing  new ideas!

    Meanwhile, in Washington, the Democrats who control things havent had a new idea in 50 years, other than more taxes on those who work, and gumming up the tax code with presents for their special interests...

     
  7. This post has been removed.

     
  8. This post has been removed.

     
  9. This post has been removed.

     
  10. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    Username, like all good liberal Democrats, is first and foremost concerned that the Government is kept fat and happy. Fatter and fatter.

    The Party of Government cares not about people but about bureaucracy.

     
  11. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    In response to GreginMeffa's comment:

    There are several states with no income tax that are decidedley blue




    Oh really?  Aside from NH (which I wouldn't say is 'decidedly blue')  Name 2 blue states without an income tax.

     
  12. This post has been removed.

     
  13. This post has been removed.

     
  14. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    In response to 12-Angry-Men's comment:

    Hmmmm....

    VA has a state income tax higher than MA - 5.75% and 5.25% respectively.

    VA has proposed raising the sales tax to 5.8%, MA proposes lowering it.

    VA taxes everything including food and clothing, MA does not.

    VA wants a $100 yearly fee just for owning a certain type of vehicle, hybrids.

     

    And yet the wingnuts conveniently ignore the former while attacking the latter.

    I guess in the whacko wingnut world it only matters who does it.




    Sales taxes are inherently regressive; the greatest burden falls on those with the lowest income.  I'm always amazed that the middle-class falls for this ploy.

    These plans will only work in Red states, where public education has historically been underfunded and wages minimized, where the poor and illiterate are easily duped into believing that trickle down economics works. 

     

     
  15. This post has been removed.

     
  16. This post has been removed.

     
  17. This post has been removed.

     
  18. This post has been removed.

     
  19. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    "NH doesn't take more federal funds than its residents pay in, so thats not a good comparison"

    The stupid idiotic debunked "red states pay less in federal taxes than the fed govt spends in the state"...that meaningless stat was debunked in 2004, but facts never stand in the way of a good stereotype for moonbats ...

     
  20. This post has been removed.

     
  21. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    Reality: Virginia unemployment rate 5.5%..Mass 6.7%

    The Council on State Taxation (COST) has rated Virginia sixth in the nation in a new study ranking states by tax burden on new investment. The study, "Competitiveness of State and Local Business Taxes on New Investment," was compiled by Ernst & Young in conjunction with COST.  

    "Virginia continues to be recognized for its pro-business environment. The Commonwealth is the best place in the nation for private-sector economic investment," said Governor Bob McDonnell. "This latest top-ten ranking prepared for COST by Ernst & Young, recognized leaders in business analysis, joins a long list of accolades that Virginia has earned for its low taxes, skilled workforce, limited regulation and favorable quality of life. Virginia is wide open for business and these experts are recognizing what many private businesses and job-creators have known for a long time-that there is no better place to invest than Virginia

     
  22. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: GOP Governors Rollout Regressive Tax Plans

    There are 25 states with the legislatures and governors’ offices both under the control of Republicans, which tends to produce a Red State model. There are 15 completely ruled by Democrats, which brings out the Blue State model. Guess which states are doing better? The seven states with the biggest debts are all Blue: Rhode Island, Connecticut, Massachusetts, Illinois, Hawaii, New Jersey and New Hampshire. The states with the least debt are all Red: Nebraska, Georgia, Texas, North Carolina, North Dakota and Tennessee. The nine cities with the most underfunded pensions are in Blue or Purple (a mixture of Democratic and Republican rule) states. Income is growing much faster in Red States. The comparisons can go on and on.

    The good news is that fiscal responsibility is important not just to keep government at a sane level; it also promotes a healthy economy.

     
  23. This post has been removed.

     
  24. This post has been removed.

     
  25. This post has been removed.

     

Share