Posted on 05/17/2018 4:17:01 PM PDT by re_tail20
Before the ink was dry on our new tax bill, outraged blue states were screaming about the cap on the deductibility of state and local taxes. Their governments were also frantically seeking ways around it, and small wonder. For decades, high-tax states with a lot of wealthy residents enjoyed a hefty subsidy from the rest of America. Legislators were understandably panicked over what voters might do when handed the rest of the bill.
That panic generated some desperate ideas. The most popular, currently, is allowing people to convert tax payments above the $10,000 cap into a "charitable donation." New York, New Jersey and Connecticut have already passed laws to allow this.
While charmingly innovative, this approach is likely to fall afoul of tax courts, as will the other proposed tactics. Blue-state taxpayers may finally have to confront the full cost of the government they want. And Democrats will finally have to confront the tension between what those voters want government to do and what they're willing to pay for.
That reckoning is long overdue.
Remember the Bush tax cuts, first passed in 2001? A heartless giveaway to the rich that did nothing for the middle class, Democrats said. But when their expiration date approached, President Barack Obama called for raising taxes only on families making more than $250,000 annually — that being, apparently, what it now takes to call yourself "rich."
This absurdity is no accident. It's a function of the ideological beliefs of the Democratic activist base clashing with the geographic and demographic distribution of their voters.
Over the past few decades, the United States has undergone "the Big Sort," the clumping of the electorate into demographically, professionally and politically homogeneous neighborhoods. Hillary Clinton voters have their ZIP codes, and Donald Trump voters theirs, and ever more rarely do...
(Excerpt) Read more at chicagotribune.com ...
This...from the Compost?
No, the Chicago Tribune?
Fundamental change. Don't you love it?
BTW, this story is from the Chicago Tribune, not the Compost.
It's a reprint from the Compost.
DEFUND socialist/totalitarian collectives, foreign and domestic.
It's easy to...
live - free - republic
Sure you can have all those free state goodies. You just have to pay for them.
A cheesecake to the people who crafted the most recent Fed tax law.
You might wanna check the very bottom of the piece as printed by the Tribune.Of course you know that pieces that originate in major papers like the Slimes and the Compost often wind up in "lesser" papers.
Remember the Bush tax cuts, first passed in 2001? A heartless giveaway to the rich that did nothing for the middle class
They still got their dig in and furthered the narrative that the right is all for the "rich".
And interesting how “rich” is defined
The lower the better for these commie bastards
This is patently false.
Every analysis you'll read about Federal tax revenues and expenditures by state will show that these high-tax "blue" states pay far more in Federal taxes than they get in Federal spending. There are a lot of reasons for that, but anyone who suggest that these "blue" states are being subsidized by the rest of America has no idea what they're talking about.
you left off the rest of the sentence in your quote. The way it reads:
“A heartless giveaway to the rich that did nothing for the middle class, Democrats said.”
Wasn’t “a lexus or a muffler” argument by Tom Daschle come around?
This is about State taxes, not Federal. It is not false.
It's about the deductibility of state taxes on Federal tax returns. The comment about high-tax states enjoying a "subsidy" from the rest of America would be meaningless if they were referring to state taxes.
When millionaires and billionaires can deduct what they pay in state taxes from their federal taxes, that leaves citizens in states who have no state taxes left to pay more when the federal taxes are raised by liberals to pay the bill.
Now they must pay their state taxes without writing them off on the federal government, and thus they pay their federal share. More money will pour into the federal coffers with out the left screaming we need to raise federal taxes.
Those living in states with no state tax, will not be looking at the feds raising taxes to cover the shortfall.
Well that’s the idea, get another lefty in and eventually they will want to raise taxes anyway.
Either way, the millionaires and billionaires in California, Texas, Illinois, etc. etc. will now be paying their fare share of both state and federal taxes.
Blue states have a valid argument about paying the lion share of fed. taxes, but they have no right forcing other states to subsidize the poor spending and taxing at the STATE level, and thankfully, it has been cut back.
http://thefederalist.com/2017/11/17/red-states-tax-takers-blue-states-tax-makers/
The subject is much more complex if addressed honestly than most articles cover.
I personally could give a rip about what flows back, because it is the liberals in the blue states that want all those programs in the first place.
It’s liberals from those states who push and vote for those social give aways in Congress that puts the whole country in debt. Where and who gets most of it has nothing to do with this argument.
Now the uber wealthy in those states who finance these liberals can pay their share of the national rape of the treasury for their pet projects.
Hell I wish the tax code would tax the uber wealthy who fund candidates to vote for this crap. They should be personally be taxed 99% of their wealth. If they want it so bad, let the feds tax them for funding the socialists who pass legislation for this crap.
Then maybe we won’t always be having new social programs started every 5 years.
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