Progressive Agenda to Spend More/Tax More is Destructive

Believe, it is by design that the middle class will be the ones that pay all the bills for absolute failures of government. Raising taxes on job providers to shore up a voter base will not benefit anyone including the progressive socialist agenda of income redistribution.

History is riff with proof of how lowering the tax rate generates more revenue to government and crates opportunity for business to expand, hence 'a rising tide lifts all boats'. Capitalism works wherever it is tried, whereas socialism fails wherever it is tried.

But the progressive agenda of redistribution of wealth never seems to die, and the never ending attempt to make everything 'fair' by taking from the productive and giving to the unproductive has never worked and never will. The human spirit must have freedom. Tyranny kills the spirit and the soul.

Welcome to the world of Barack Obama and the progressive Democrat agenda for America.

Tax Code Is Most Progressive in Decades
Source: Scott A. Hodge, "Despite Rising Inequality, Tax Code is at Most Progressive in Decades," Tax Foundation, January 3, 2014.
January 7, 2014

Despite claims that rising incomes of the top 1 percent are the result of tax cuts for the wealthy, the tax code is actually at its most progressive level in the last 35 years, says Scott A. Hodge, president of the Tax Foundation.

The largest growth in progressivity has been in the income tax, which is almost twice as progressive today as it was at the end of the Carter administration.

• Tax progressivity declined after the 1981 tax cuts, when the top marginal rate was lowered to 50 percent from 70 percent.
• But when the Tax Reform Act of 1986 was passed (which lowered the top marginal tax rate from 50 percent to 28 percent), it increased the value of the standard deduction, personal exemption and the Earned Income Tax Credit.
• Since this time, legislators have been increasing the top marginal rates while expanding tax credits (such as the child credit, or the Earned Income Tax Credit).

Tax credits temporarily provide relief to low-income families. However, using higher tax rates to redistribute income ultimately hurts, rather than helps, the poor because it undercuts the factors that increase standards of living and economic growth.