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Tag: Income Tax


.v1ctor. (CC BY 2.0)

GOP Governors Would Help the Rich Pick Your Pockets

A slew of Republican governors are taking advantage of an “improving economy and a gradual rebound in revenues” to aggressively push for cuts to personal and corporate income taxes, and propose to make up the difference by raising sales taxes.

Posted on Jan 25, 2013 READ MORE



Derek Bridges (CC BY 2.0)

Gov. Jindal’s New Tax Scheme Would Punish the Poor

Louisiana Gov. Bobby Jindal is looking to shift a large part of the tax burden in his state off corporations and the wealthy and onto the public by eliminating personal and corporate income taxes and raising the sales tax.

Posted on Jan 11, 2013 READ MORE



Flickr/401(K) 2012

Study: Tax Cuts for Rich Not Path to Economic Growth

Contrary to what conservatives have been pushing, reducing taxes for the wealthiest Americans will not grow the economy. However, according to a new study by the Congressional Research Service, it does help to create income inequality.

Posted on Sep 17, 2012 READ MORE



Howdy, I'm H. Michael Karshis (CC BY 2.0)

How Tax Reporting Is Skewed to Benefit the Rich

Think tanks such as the Cato Institute and the Tax Foundation like to cherry-pick tax data to claim that the rich pay more than their fair share. But a broad look at taxation shows it’s not true, a writer at The Economist says.

Posted on Aug 23, 2012 READ MORE


‘Left, Right & Center’: The 13 Percent Solution

Was Mitt Romney’s selection of Paul Ryan as running mate a smart pick? The candidates’ competing visions for the future of Medicare have eclipsed most of their other scenarios recently, and Romney told his inquisitors that he’d paid at least 13 percent in taxes in the past 10 years. The “Left, Right & Center” panelists debate these issues and more on this week’s show.

Posted on Aug 17, 2012 READ MORE



wallyg (CC-BY)

State Taxes Stacked Against the Poor

Though many conservatives would rather not discuss it, not all taxes are created equal. Sure, the federal income tax is progressive (though less so than in the past), but payroll and state taxes—which include levies on income, property, sales and various fees—are not, and the differences between the top 1 percent and the bottom 20 percent can be large.

Posted on Feb 4, 2012 READ MORE



AP / Charlie Niebergall

Surprise: Study Says Perry’s Tax Plan Would Help the Rich

This might come as a shock to a handful of people: The nonpartisan Tax Policy Center has released its analysis of GOP presidential contender Rick Perry’s proposed tax plan and has come away with the distinct impression that Perry’s approach favors Americans in the upper income-earning brackets, regardless of his ... (more)

Posted on Nov 1, 2011 READ MORE



Wikimedia Commons / United States Senate

Tax Cuts According to Barbara Boxer

California Sen. Barbara Boxer is one of a group of purportedly left-leaning politicians who is choosing to throw in with President Obama in his plan to preserve Bush-era tax cuts that give the wealthy a break along with Americans hailing from lower-income brackets.

Posted on Dec 14, 2010 READ MORE


hoyer
Wikimedia Commons / U.S. Congress

Hoyer: Middle-Class Tax Cuts Might Need to Go

George W. Bush bought himself a little goodwill by instating some strategic middle-class tax cuts while he was president, but those are about to expire, and according to House Majority Leader Steny Hoyer ... (continued)

Posted on Jun 22, 2010 READ MORE


tea party

Tea Party Express Rolls Into D.C.

A crowd of tea party types pitched camp in Washington, D.C., for a “tax day” demonstration Thursday, waving their usual socialism-themed signage and talking smack about their three least favorite people on Capitol Hill: President Barack Obama, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid.

Posted on Apr 15, 2010 READ MORE


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