First was Walker, then Snyder, now we have 12 states that have plans to shift the tax burden onto the middle class while cutting taxes for corporations and the wealthy. In 3 states conservatives are proposing massive estate tax cuts for millionaires as income equality is at its worse since the 1920's. Here are the details as documented by Think Progress:
MAINE: Tea Party Gov. Paul LePage’s (I) tax reform package would raise the state’s estate tax exemption from $1 million to $2 million — allowing four hundred of the state’s wealthiest estates to escape taxation. At the same time, the tax plan would raise property taxes on middle class Mainers while freezing health care funding for working parents, cutting money for schools, and raising the retirement age for public workers. Republican legislators want to go even further, and are currently considering eliminating the estate tax altogether.
OHIO: In January, House Speaker William Batchelder (R) called Gov. John Kasich’s (R) proposal to completely eliminate the estate tax one of the Republican-controlled legislature’s “top priorities.” But already, the bill has garnered strong opposition from local governments, who depend on estate tax revenue and are already concerned state spending cuts. Even while finding room for estate tax reductions, Kasich’s proposed budget cuts 25 percent of funding for local schools, $427 million for nursing homes, $1 million for food banks, $12 million from children’s hospitals, and $15.9 million from an adoption program for children with special needs.
NEW JERSEY: In his 2011 budget proposal, Gov. Chris Christie called for raising the state’s estate tax exemption from $675,000 to $1 million even while proposing cuts to the state’s Earned Income Tax Credit and homestead rebates for working poor families. And last year Christie vetoed a bill passed by the Legislature that would have raised taxes on the state’s millionaires to help fund property tax relief for Main Street.
Last December, the federal government set the precedent for estate tax cuts when the bi-partisan tax deal signed by President Obama cut the estate tax rate to its second lowest level since 1931.
Nothing makes my blood boil more than to read this crap. These conservatives (I will hold my tongue) don't even try to hide their evil plans any more, they are wide open for all of us to read about and enjoy. How can anyone defend these teabagger governors? They are arrogantly throwing into the faces of working middle class citizens, telling them they need to do more to save the states from bankruptcy! What are people like Linda and silverfish thinking when they(I'm assuming they are middle class, but maybe not, maybe they are a part of the elite class) have to pay more in taxes while their governors are handing the fat cat rich fuckers more and more loot to line the pockets of their silk smoking jackets.
I want someone to prove to us little folks this giving of more and more to the rich will one day benefit us. It's been over 2 yrs and we are still hearing the same old worn out "we're just not convinced yet, .... we're just not comfortable investing in America, .....Obama hasn't shown us the economy is improving enough for us to get up off our billions and help out a wee bit" Baaaa Boooo Hooo! Oh cry me a river you sick bastards who hate our country.....
You don't have to point out the part where Obama signed the tax deal which cut estate tax rate to it's second lowest level since 1931. I have typed it twice, I know and I'm not happy about it. I can criticize my president when he deserves it, can conservatives criticize their party when their elected put forth legislation that hurts the majority of Americans? No, I never hear it, never...
