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Forget the Rich: Tax the Poor and Middle Class!

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Forget the Rich: Tax the Poor and Middle Class!

Post by Guest on Tue May 10, 2011 12:48 pm

"These tax breaks were put in place to promote growth and create jobs, not bankroll the political causes of corporate executives," Public Advocate Bill de Blasio said. "... No company that can afford to spend millions of dollars to influence our elections should be pleading poverty come tax time."

Meanwhile, last week Republicans like Utah's Orrin Hatch, ranking member of the US Senate Finance Committee, grabbed hold of an analysis by Congress' nonpartisan Joint Committee on Taxation and wrestled it to the ground. The brief memorandum reported that in the 2009 tax year 51 percent of all American taxpayers had zero tax liability or received a refund. So why, the Republicans asked, are Democrats and others so mean, asking corporations and the rich to pay higher taxes when lots of other people -- especially the poor and middle class -- don't pay taxes either?

Hatch told MSNBC, "Bastiat, the great economist of the past, said the place where you've got to get revenues has to come from the middle class. That's the huge number of people that are there. So the system does need to be revamped... We have an unbalanced tax code that we've got to change."

http://www.truth-out.org/forget-rich-tax-poor-and-middle-class/1305035795


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