For those who believe the sales tax is the fairest tax, and believe it should be raised in Wisconsin to get us out of the budget deficit, fund schools and provide relief for property taxpayers, are you crazy?
The sales tax is the most anti-progressive, regressive and unfair tax ever invented. The sales tax hits the working class and the poor much more disproportionately, and therefore effectively is a tax on the working class and poor. Government expenses and services should be paid for by the progressive income tax and corporate tax that are the most fair and progressive of all taxes.
The goal should be to phase out the sales taxes and shift the tax burden to the progressive income tax and the corporate tax.
The reason we are experiencing these budget deficits is thanks to Republicans who cut the corporate tax in the 1980s and 1990s. The corporate tax covered 20 to 25 percent of the state budget. It now covers only 2 to 3 percent. If we had 20 percent today, we would not have these budget deficits. Cutting the corporate tax, along with cutting regulations, resulted in huge profits for corporations that led to outrageous CEO salaries, bonuses, stock options, golden parachutes and retirement plans.
At the same time, big businesses and corporations moved many jobs elsewhere and used excessive profits to make donations to Republican political campaigns, fund private interest lobbying on their behalf and bought their control of the Wisconsin Supreme Court. Big business, corporations and the rich no longer pay their fair share in taxes for the privilege of existing and doing business.
Organizations such as the Chamber of Commerce and the Wisconsin Manufacturing and Commerce Association, as well as Republicans, claim taxes on big business and corporations cause them to cut or move jobs elsewhere. This is what they want you to believe. It is a scare tactic. They just don't want to pay their fair share. They want to stick it to you.
The American economy and America in general were at their best when big business and corporations were well regulated, except railroads, paid 20 to 25 percent in corporate taxes, and unions were their strongest. If we want America at its best again, big business and corporations must be well regulated, pay 20 to 25 percent in corporate taxes and unions must be strong again.
The sales tax is the most anti-progressive, regressive and unfair tax ever invented. The sales tax hits the working class and the poor much more disproportionately, and therefore effectively is a tax on the working class and poor. Government expenses and services should be paid for by the progressive income tax and corporate tax that are the most fair and progressive of all taxes.
The goal should be to phase out the sales taxes and shift the tax burden to the progressive income tax and the corporate tax.
The reason we are experiencing these budget deficits is thanks to Republicans who cut the corporate tax in the 1980s and 1990s. The corporate tax covered 20 to 25 percent of the state budget. It now covers only 2 to 3 percent. If we had 20 percent today, we would not have these budget deficits. Cutting the corporate tax, along with cutting regulations, resulted in huge profits for corporations that led to outrageous CEO salaries, bonuses, stock options, golden parachutes and retirement plans.
At the same time, big businesses and corporations moved many jobs elsewhere and used excessive profits to make donations to Republican political campaigns, fund private interest lobbying on their behalf and bought their control of the Wisconsin Supreme Court. Big business, corporations and the rich no longer pay their fair share in taxes for the privilege of existing and doing business.
Organizations such as the Chamber of Commerce and the Wisconsin Manufacturing and Commerce Association, as well as Republicans, claim taxes on big business and corporations cause them to cut or move jobs elsewhere. This is what they want you to believe. It is a scare tactic. They just don't want to pay their fair share. They want to stick it to you.
The American economy and America in general were at their best when big business and corporations were well regulated, except railroads, paid 20 to 25 percent in corporate taxes, and unions were their strongest. If we want America at its best again, big business and corporations must be well regulated, pay 20 to 25 percent in corporate taxes and unions must be strong again.
