Tax rebate announcements: article, question, anecdote

Max Sawicky sawicky at bellatlantic.net
Thu Jul 26 09:35:54 PDT 2001


If you cut more for lower-income than for higher-, then a cut is progressive.

For lower-income that owe no income taxes to begin with, you expand refundable credits. In other words, you mail people checks. current policy lingo allows us to call this a "tax cut."

See my paper with Robert Cherry on the EPI web site, "Giving Tax Credit Where It Is Due . . . "

mbs

Max said:


>So far, I
>know of nobody other than yours truly who
>will be proposing progressive tax cuts to
>replace the new law.

Forgive my ignorance Max (and Charles), but how can a tax cut be progressive? Is this a cut from the "middle class" brackets, then, I would hope, added to the wealthier brackets if possible?

Todd



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