Slick Rick Aims to Rob Poor
Well, Governor "Slick" Rick Perry's plan won't be reviewed until it's filed as legislation. However, his plan is pretty close in line to another plan that has been reviewed, as is the case with all plans that will be turned into legislation that have a financial impact. According to the Houston Chronicle, the official Legislative Budget Board analysis of a tax plan the House Ways and Means Committee is taking up today says the plan would increase the overall tax burden for all but the wealthiest Texans. Wait, the GOP has intents on taxing people? Is that in line with the GOP agenda? Eh, who cares? As long as the richest are protected, right?
So, who does Perry's plan go after? Well, since families with an annual income of more than $100,000 collectively would receive a $351 million-a-year tax cut, everyone else needs to pay up. So, for all of those of you with families that do not collect more than $100,000 a year, get ready to pay up a collective $935 million-a-year. Heck, Governor Perry is the antithesis of Robin Hood. He's robbing from the poor!
Perry must be blind to this. Perry spokesman Robert Black said the governor believes his plan will give tax relief to all income groups. All income groups? Just the wealthiest. Oh, it continues. In the Houston Chronicle analysis of Perry's plan, a family of four that rents a home out of an income of about $35,000 a year would end up paying about $72 a year more in state taxes. But a family of four with an income of about $150,000 a year and owns a home valued at $300,000 would receive a state tax cut of about $567 a year. Once more, the Republican Perry takes care of th wealthy while ignoring those who are less fortunate, in the lowest bracket of the financial ladder.
So, who is going to suffer? Well, according to the last US census, about 37 percent of the families in Texas earn less than $35,000 a year. That's more than 1/3rd of Texas, Governor Perry. I know your an Aggie, so math may not come as easy to you. According to the U.S. census, on the other end of the scale, that huge tax savings will go to the five percent who earn $150,000 a year or more. About half the families in Houston are renters, who would be impacted the most. No wonder the city of Houston votes Democrat!
Arguments please? As we all know, Republicans argue that the wealthy pay the most taxes and in doing so, deserve the biggest breaks. The "protectors of the poor", the Democrats argue that sales taxes impact the poor the hardest because they pay a larger percentage of their income in taxes when they can least afford it.
Just another day for Republicans and Governor Perry to "attack" the poor, nothing new in Texas or in the United States now, is it?
So, who does Perry's plan go after? Well, since families with an annual income of more than $100,000 collectively would receive a $351 million-a-year tax cut, everyone else needs to pay up. So, for all of those of you with families that do not collect more than $100,000 a year, get ready to pay up a collective $935 million-a-year. Heck, Governor Perry is the antithesis of Robin Hood. He's robbing from the poor!
Perry must be blind to this. Perry spokesman Robert Black said the governor believes his plan will give tax relief to all income groups. All income groups? Just the wealthiest. Oh, it continues. In the Houston Chronicle analysis of Perry's plan, a family of four that rents a home out of an income of about $35,000 a year would end up paying about $72 a year more in state taxes. But a family of four with an income of about $150,000 a year and owns a home valued at $300,000 would receive a state tax cut of about $567 a year. Once more, the Republican Perry takes care of th wealthy while ignoring those who are less fortunate, in the lowest bracket of the financial ladder.
So, who is going to suffer? Well, according to the last US census, about 37 percent of the families in Texas earn less than $35,000 a year. That's more than 1/3rd of Texas, Governor Perry. I know your an Aggie, so math may not come as easy to you. According to the U.S. census, on the other end of the scale, that huge tax savings will go to the five percent who earn $150,000 a year or more. About half the families in Houston are renters, who would be impacted the most. No wonder the city of Houston votes Democrat!
Arguments please? As we all know, Republicans argue that the wealthy pay the most taxes and in doing so, deserve the biggest breaks. The "protectors of the poor", the Democrats argue that sales taxes impact the poor the hardest because they pay a larger percentage of their income in taxes when they can least afford it.
Just another day for Republicans and Governor Perry to "attack" the poor, nothing new in Texas or in the United States now, is it?
posted by Jason Plotkin | 2:21 PM
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