It is time to clarify what the Republicans seem to mean by “No new taxes.”
I just paid my property tax for this year and my rate has increased by more than 22 percent from last year, thanks to the Republican controlled Legislature. And that was so we could lower taxes on corporations and preserve the protected status of the richest among us.
No new taxes clearly means no new taxes for corporations and for the richest and most privileged and, well, maybe higher fees and taxes, not to mention higher prices for those who are not in that special group. If we were meant to be paying lower taxes we would be rich. Apparently someone, perhaps God, or that “invisible hand of the marketplace,” has written somewhere that this is how things are intended to be.
Just to put this in perspective, the corporate tax rate in the 1950s was 47 percent and our society actually worked really well. It has been cut drastically since then to an historic low, not to mention the profits that are hidden offshore.
The same is true of taxes on the highest parts of income…you know those parts that are way, way beyond any basic living needs.
On the federal level these taxes are less than 40 percent of what they were and on the state level taxes have become regressive
I bet you haven’t gotten an equivalent decrease in your taxes. But then someone has to sacrifice to keep society healthy and functioning.
No new taxes, are you kidding? It is about cutting even the old taxes for the economic elite and their corporations, now artificial human beings…and apparently becoming the new primary citizens of this country. All to improve their lives at our expense. Doesn’t that just warm the cockles of your heart?