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Raise taxes on the middle-class to pay for tax cuts for the wealthy

Seems to be an increasingly popular goal:

Bartlett's not opposed to the idea of a broader tax code. But the problem is there's no obvious way to get there without violating other Republican sacred cows on taxes or running into political territory that few politicians dare to tread.

The first issue is that any Republican proposal can't raise revenue overall -- a principle that's only become more ironclad in the Tea Party era. The obvious solution then is to raise taxes on the middle class but give the money back to the rich and that's exactly what two of the Republican presidential candidates have proposed. Jon Huntsman would eliminate all tax breaks without exception and use the money to lower marginal rates -- the net effect of which would be a middle class tax hike.

Huntsman's idea has largely gone unnoticed amid his campaign struggles, but one of his rivals' proposals is gaining widespread attention this week: Herman Cain's 9-9-9 plan. Cain solves the non-payer problem by replacing the tax code with a 9% income tax, business tax, and new national consumption tax, the combination of which would significantly raise taxes on lower income Americans. And that's assuming it even raises enough revenue to avoid more cuts to entitlements, which is a major question mark.

By fnord12 | October 13, 2011, 1:24 PM | Liberal Outrage


mebbe people who aren't actually rich would get it if we stopped talking about how much rich people are paying out in taxes but rather what they'd be left with. how much money is 91% of a million? now let's compare that to 91% of $50k.