Monday, April 18, 2011

Lower Corporate Taxes Might be Responsible for Tax Revolt

link here to article

This article describes the history of tax policy in the US. Corporations used to contribute more to government revenue than individuals. They have been successful in cutting their effective tax rate by lobbying government and by funding political campaigns. This has shifted the tax burden to individuals. One of the results has been the current attack on government spending. Even though total government spending as a percent of GDP has been relatively constant, Tea Partiers, for example have focused on spending rather than on the shifting burden of taxation away from corporations and onto individuals. They have been taught well by the spokespeople for the elites that they purport to hate.

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