more money. because of that backwards impact, because it s harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you make. but do not worry about the billions in lost tax revenue, because louisiana to compensate will jack up the sales tax that everybody has to pay, and that takes such a bigger chunk out of poor people s pocketbooks. when the nonpartisan tax wonks calculate the effect of governor jindal s plan, they find that overall taxes will fall for the richest 20% of people in the state. their taxes will go down. but for remaining 80% of the population, taxes will go up. and the people in all of louis
impact, because it s harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you make. but do not worry about the billions in lost tax revenue, because louisiana to compensate will jack up the sales tax that everybody has to pay, and that takes such a bigger chunk out of poor people s pocketbooks. when the nonpartisan tax wonks calculate the effect of governor jindal s plan, they find that overall taxes will fall for the richest 20% of people in the state. their taxes will go down. but for remaining 80% of the population, taxes will go up. and the people in all of louisiana who can least afford a tax hike w
because of that backwards impact, because it s harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you make. but do not worry about the billions in lost tax revenue, because louisiana to compensate will jack up the sales tax that everybody has to pay, and that takes such a bigger chunk out of poor people s pocketbooks. when the nonpartisan tax wonks calculate the effect of governor jindal s plan, they find that overall taxes will fall for the richest 20% of people in the state. their taxes will go down. but for remaining 80% of the population, taxes will go up. and the people in all of louisiana who can
contemplates in the years ahead. this is a man who ran as somebody new an different to take us beyond the tired argument of the past to a new era, not of red and blue america but the united states of america. then after shoving his two major initiatives, stimulus spending and obamacare through congress, on purely partisan votes he and his party got a severe rebuke from voters. he could have shifted course, reach out to the political opponents to craft a new bipartisan agenda aimed to sharply cut the deficit. reforming the tax code and boosting the economic growth in ways that would have attracted republican votes. he did not do that. he is not seeking re-election on a program to do that either. instead, he dusted off some of the oldest ideas in the democratic play book, recusing republicans of cruelty in the budget plan and unfairness in tax ideas. the notions may poll well but does the president think in the end, voters will overlook the swelling debt, the futile economy, health law t
budget. to make the numbers work to make the taxes and spending balance out he will have to cut almost twice as deep in spending as paul ryan s budget does. he will have to cut every single domestic program including social security, medicare and medicaid, all of them by 36%. 36%. you know who relies on domestic programs like those? senior citizens and the poor. think all the seniors voting republican want a 36% cut to social security and medicare in order to pay for romney s tax cuts for the wealthy? i sort of doubt it. the budget doesn t show us where the two parties disagree, shows us where they do agree. taxes are lower under both obama and romney than if we let the bush tax cuts expire and turned to clinton era rates. taxes would be near 20.4% of gdp. you wouldn t know that from the admiration democrats use when they talk about clinton s poll or the horror about obama s tax ideas, both par is the are closer to bush than clinton. taxes are also lower in both