Thursday, January 6, 2011

Dave Camp's Big Problem

From The New Congress and the Coming Class War by Eric Alterman:

Ronald Reagan and George W. Bush talked incessantly about fiscal responsibility and lost no opportunity to denounce deficit spending, but these principles flew out the window when it came time to cut taxes on the rich. The new bunch are even worse. Incoming House Ways and Means Committee chair Dave Camp recently told George Will that one of the biggest problems with our tax system is that too few poor people pay income tax.
One solution for the “problem” of too few poor people paying income tax would be to increase the income of poor people so that it exceeded the cutoff point where income is taxed. The right wing should be happy with this. More poor people would be paying income tax, and they would still be poor.

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