I have no complaint with a progressive tax system. The difference is
that in the past we collected less income tax from the poor and now we
don't collect any income tax from the poor but give our income tax money
to them.
Now we have beaten to death the point that they pay other taxes, and you
seem to approve of giving out income tax money to the working poor to
compensate for the other taxes they pay. You approve, and I would prefer
that those other taxes be lowered for the poor instead. In fact, part of
the Republican proposal for a stimulus package would include a payroll
tax holiday. From minority house leader Boehner
“We've been offering suggestions. If you want a quick answer to the
question what would I do, I'd have a payroll tax holiday for a year or
two. That would put taxes in the hands of everybody who has a job
whether they pay income taxes or not. And, of course, businesses pay the
payroll tax too, so it would be both a business tax cut and individual
tax cut immediately."
The longstanding debate is HOW progressive should the tax rates be.
Obama wants to increase progressivity. If you allow the Bush tax cuts
for the wealthy to expire, but reinstate the middle class tax cuts, then
you have done just that.
And your progressive tax rates enabled by the 16th Amendment which
established the Federal Income Tax that started at 1% and rose all the
way up to 7% for the very rich.
Chris Dunford wrote:
By taking from the rich to give to the poor via the tax code. I'd like
to hear your Clintonian parsing of the difference between this and
wealth redistribution.
And I'd like to hear where this is any different from what we've been doing
since 1913, when progressive tax rates were introduced.
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