Wednesday, January 29, 2014

Can the Legislature Be Trusted With the "Fair Tax"?

Have you been keeping up with graduated "Fair Tax" proposal?  One Man's Thoughts tells us why he's concerned:
What worries me and why I would vote against it if it comes up on the ballot is that it would be the Illinois legislature that would approve the rates and the brackets. The same folks who have grossly underfunded pensions and spent like 'drunken sailors' would be given the ability to raise taxes on only some people. To be blunt, I don't think they can be trusted with that responsibility. I can easily see where higher income brackets are taxed at a significantly higher rate than lower incomes because it will be easy politically.
Sounds about right.

But...What about reducing spending?  Oh, that's right.  Not going to happen with these guys running the state of Illinois.
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