June 7, 2012
The GOP’s Bizarre, Disturbing Passion for Raising Taxes on the Poor

The Republicans, it goes without saying, are the party of low taxes. Their position for the past two years has been simple: Budget deficits should be reduced solely through spending cuts, not increases in tax revenues—even if those revenues are increased solely by closing loopholes in the tax code. The vast majority of Republicans in Congress have signed the Taxpayer Protection Pledge, which commits them to vote against any bill that would either increase tax rates or increase tax revenues.
That should be the whole story. But it isn’t.
As Bruce Bartlett reminds us in his latest Economix column, leading Republican figures, including Eric Cantor, as well as a majority of party members, argue that taxes should go up … on the poor. They are talking about the famous “47 percent” who don’t pay federal income taxes.
Read more. [Image: Reuters]

The GOP’s Bizarre, Disturbing Passion for Raising Taxes on the Poor

The Republicans, it goes without saying, are the party of low taxes. Their position for the past two years has been simple: Budget deficits should be reduced solely through spending cuts, not increases in tax revenues—even if those revenues are increased solely by closing loopholes in the tax code. The vast majority of Republicans in Congress have signed the Taxpayer Protection Pledge, which commits them to vote against any bill that would either increase tax rates or increase tax revenues.

That should be the whole story. But it isn’t.

As Bruce Bartlett reminds us in his latest¬†Economix¬†column, leading Republican figures, including Eric Cantor, as well as a majority of party members, argue that taxes should go up … on the poor. They are talking about the famous “47 percent” who don’t pay federal income taxes.

Read more. [Image: Reuters]

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  7. hellamyblake reblogged this from spartanninja and added:
    Oh, the hypocrisy.
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  12. prodigalsun82 reblogged this from theatlantic and added:
    Of course raising the taxes on the rich is a bad thing. Even though they can contribute more money in taxes than the...
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    Gross
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