Thursday, November 18, 2004

The Tax Code As A Political Weapon

As other bloggers have noted, the Republican Tax Reform plan will hurt the citizens of states that vote Democratic as most blue states have higher state and local taxes. The tax reform package being floated now would get rid of federal deductions for these tax cuts. Wealthy blue staters (who are more likely to be Republican) of course would escape the wrath of the Bush plan since the new exemptions for unearned income would favor them overwhelmingly.


Post a Comment

<< Home