for the 2014 Budget. It just seems to me we went all through this during the election and all of a sudden it’s as if it doesn’t matter any more. The revenue plan goes back again to get more money from household budgets instead of from the waste of hoarded money accumulated by the wealthiest among us.
Moyers and Company – Jacob Hacker & Paul Pierson on Engineered Inequality
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Where you see such proposals being supported by Democrats? Neither Governor Patrick nor the Coalition for our Communities are proposing regressive tax increases. My understanding is that Obama (and the Congressional Democrats) are also supporting only federal tax increases that make the system more progressive. So which faulty “revenue plan” are you talking about here?
and while he does fidget a little in a progressive nature, it only applies to those earning less than $60,000/yr, as if $60,000 means you are wealthy, HA! Not to mention the gas tax adjusted for inflation. I’ll support that baby as soon we enforce a law that wages are adjusted for inflation. Since he is not running for re-election, it would have been so amazing for Governor Patrick to set an example by proposing bigger tax increase on the wealthiest among us and helping us get some of that hoarded money back into the system, because I’ll just bet that a few of those millionaire/billionaires live in Massachusetts.
Boston.com
…and leans as progressive as possible given the prevailing constitutional interpretations. I don’t agree with every particular, but I’m fairly confident that on balance the Commonwealth will be better for it.
and adding to the huge pile of hoarded wealth on the right is on balance then you got what you wanted from the Governor. I can only hope and pray that the legislature will undo the damage that the Governor’s proposal will do with regard to raising revenue. Other than that, I believe we need to invest more in education and transportation, but the time has come to reverse the trend of redistributing wealth from the bottom up to the top. I’m pretty darn sure the Democrats should get that by now. We need the Democrats to turn this thing around.
This proposal is the only alternative on the table that gets us through the next two years.
Until we amend the state constitution or successfully challenge the current interpretation of it, a graduated income tax is off the table. Those constraints mean that any change is years away — we need to do something right now.
A great many of us would like to “turn this thing around”. Governor Patrick is doing the best he can. Are arguing AGAINST the proposal?
What would you do instead?
That’s for sure. Sounds like a tax break for people who have money to invest in stocks for purposes other than retirement, not likely to be the middle/working class, or the poor.
He is proposing increasing the income tax which I think is fairest when not overdone even if the rate has to be flat, especially when the personal exemption is doubled and reducing the sales tax, which is often seen as regressive. Corporate tax breaks are also being eliminated. On the progressive-regressive spectrum I would say the package in toto definitely leans progressive.
The rest of it is the status quo and completely undermines those positives.