Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Tax Cuts For Rich, Tax Increases For Everyone Else
Posted
February 18, 2015
Views
65,142
Likes
1,792
Comments
546
Engagement
3.59%
February 18, 2015
65,142
1,792
546
3.59%
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5:29Now Playing"A number of Republican-led states are considering tax changes that in many cases would have the effect of cutting taxes on the rich and raising them on the poor.
Conservatives are known for hating taxes but particularly hate income taxes, which they say have a greater dampening effect on growth. Of the 10 or so Republican governors who have proposed tax increases, nearly all have called for increases in consumption taxes, which hit the poor and middle class harder than the rich.
Favorite targets for the new taxes include gas, e-cigarettes, and goods and services in general. Gov. Paul R. LePage of Maine, who wants to start taxing movie tickets and haircuts, is also proposing a tax break for the lowest-income families to relieve some of the pressure.
At the same time, some of those governors — most notably Mr. LePage, Nikki R. Haley of South Carolina and John R. Kasich of Ohio — have proposed significant cuts to their state income tax. They say that tax policies that encourage business growth provide more jobs and economic benefits for everyone."
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Cenk Uygur () of The Young Turks breaks it down. Tell us what you think in the comment section below.
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