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Politics : Liberalism: Do You Agree We've Had Enough of It?
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From: Sedohr Nod8/6/2010 9:58:42 AM
1 Recommendation   of 224749
 
The punitive nature of taxes and the lefties....taxes have always been used to promote or destroy certain activities over the years....now the idea seems to be screw the folks that live in "reasonable" cost areas of the country.

Dems Want to Raise Taxes on Red States
In today’s Wall Street Journal, they blow the lid off of a rather shocking proposal by Rep. Jerrold Nadler, D-N.Y., and four other members of New York’s House caucus:

One irony of the tax increase that arrives on January 1 is that the it will hit residents of high-income, Democratic-leaning states like California, Connecticut, New Jersey and New York the hardest. This is a problem for pro-tax Democrats.

Enter New York Representative Jerrold Nadler, who wants to exempt his own six-figure constituents from the tax hike he supports. Mr. Nadler’s bill would “require the IRS to adjust tax brackets proportionally in regions where the average cost of living is higher than the national average.”

In other words, the various tax brackets would apply to residents in certain regions at higher income levels versus other parts of the country. A family with an income of $50,000 or even $1 million in Manhattan would pay less federal income tax than a family with the same earnings in Omaha. The bill is called the Tax Equity Act, but a more accurate title would be the Blue State Tax Preference Act.

thefoxnation.com
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