A potential compromise on revenue increases
Stole this idea from commenter bgates on Just One Minute: increase revenue by taking the deductibility of state taxes away for people, say, above the magic $250,000 income level. As bgates says –
it would show the Democrats how committed we are to bipartisanship, it would give the patriotic citizens of places like New York and California and Massachusetts the opportunity to send more money to the government without just doing so voluntarily, and it sure wouldn’t bother anybody in places like Texas or Florida.
Why limit it by income? Shouldn’t all blue state voters have some skin in this game?
Because it would most specifically affect those ninnies who keep saying “raise my taxes”.
Shortly after that would come the announcements of people whose primary residence had moved to Dallas or Houston or Miami.
Don’t the lower income blue state people also vote for their beloved Democrats? Surely they do. Redistribution for thee and not for me? That wouldn’t be fair.
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I like it. Very soon, we would see the abolition of State income taxes, at least in Red States. That would set the table for the abolition of the Income Tax and the 16th Amendment. Once folks get focused on the very idea of ending Income Taxes, they won’t stop at just their State.
“…it would show the Democrats how committed we are to bipartisanship…”
This will make no difference. The Democrats don’t care about bipartisanship or closing the deficit or anything else. They just care about perserving their power, the country, children, grandmothers and anyone else be damned. They are totalitarian lizards. Think Hitler circa 1938. Chamberlain gave him Czechoslavakia, went home and said “peace in our time” and a year later Poland was being invaded anyway. There’s no point in negotiating with the bastards because they really don’t want to.
Are
You
Crazy!!
Gives
TheFeds
More
Revenue
And
Hurts
Red
Producers
InBlue
States.
Moronic.
6
I think Republicans should deal with the Dems to get maybe a 5-1 ratio of spending cuts to tax increases and then gain the revenue through the AMT. That is this plan writ large.
The whole point of the AMT is to get the high earners and disallow deductions. Why mess with the normal tax code at all? Just set the AMT numbers to where they need to be according to the CBO to meet the 5-1 number or whatever they agree to.