The random political thoughts thread (Part Deux)

Alex · 10-20-2011, 04:55 PM

My one beef with that chart is that I'm seeing it misrepresented to show how regressive the 9-9-9 plan is. It doesn't really show that.

It shows that it is more regressive than the current tax plan. But that is essentially self-evident since it is the current Republican platform that the current tax code is too progressive. So obviously any Republican tax plan is going to be more regressive than the current structure and when expressed in gross dollars even a small proportional benefit to the top 0.1 is going to dwarf the changes for everybody else.

Disagree with it, but it isn't surprising.

Now, I would not be surprised at all to learn that the plan is horribly regressive (since it exempts from taxation massive financial transactions and transfers that are mostly engaged in by the wealthy), I just haven't seen that quantified in the things that many say demonstrate it.

10-20-2011, 04:55 PM	#11
Alex . Join Date: Feb 2005 Posts: 13,354	My one beef with that chart is that I'm seeing it misrepresented to show how regressive the 9-9-9 plan is. It doesn't really show that. It shows that it is more regressive than the current tax plan. But that is essentially self-evident since it is the current Republican platform that the current tax code is too progressive. So obviously any Republican tax plan is going to be more regressive than the current structure and when expressed in gross dollars even a small proportional benefit to the top 0.1 is going to dwarf the changes for everybody else. Disagree with it, but it isn't surprising. Now, I would not be surprised at all to learn that the plan is horribly regressive (since it exempts from taxation massive financial transactions and transfers that are mostly engaged in by the wealthy), I just haven't seen that quantified in the things that many say demonstrate it.
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