November 17, 2018

Splinter: House Democrats Balk at Prospect of Being Good

media mention

That is a disastrous idea. Alan Essig, executive director of the Institute on Taxation and Economic Policy, noted the rule “could make it difficult, as a practical matter, to raise taxes—on the rich—without making the tax code a complicated mess. This is because few changes in the federal income tax would affect no one in the bottom 80 percent.” Such rules have also been disastrous at the state level, and tax rates in states with supermajority rules are comparable to those without them. Read more