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Yikes that’s a great recipe for a regressive tax hike. The poor and working class feel the pinch every time gas prices inch up. Those with higher incomes only n
by massysett 5y ago
Yikes that’s a great recipe for a regressive tax hike. The poor and working class feel the pinch every time gas prices inch up. Those with higher incomes only notice at all if they pay attention to the sign at the gas station—and many don’t and won’t even bother to cross the road to save money on gas.
- hedgehog 5y agoIn major metros it's even worse than that, the people with the longest commutes are those who can't afford housing in the city.
- nradov 5y agoNo, you misunderstood my comment. The idea is to couple a gas tax increase with an income tax decrease. If done properly, most poor and working class would end up with a net lower tax burden.
- dlp211 5y agoYou think that poor and working class folks pay income taxes? You'd have to pair it with a fully refundable tax credit to make it even somewhat viable, but even then, folks won't care. All they will see is money leaving their pocket every time they visit gas station. I think you over estimate the rationality of people.
- PaulDavisThe1st 5y ago> If done properly, That seems remarkably optimistic, given the recent history of US tax policy (recent == last 200 years or so).