March 24, 2012

Idaho House Tax Plan Stacked In Favor of the Wealthy


Most Tax Cuts Flow to the Top 1%, Vast Majority of Idahoans Receive No Benefit

An income tax cut recently passed by the Idaho House of Representatives, and backed by Governor Butch Otter, would reduce state revenues by over $35 million a year while benefitting only a small fraction of the wealthiest Idahoans. Four out of five Idaho families would not see their taxes fall by a single cent. Over half of the plan’s benefits would flow to the richest 1 percent of taxpayers, and four-fifths of the benefits would go to the best-off 5 percent of Idaho residents.

Read the Full Report (PDF)