Think Your Income Tax Rate Will Get Cut Through Tax Reform? Think Again
Publication Date
5-11-2017
Document Type
Article
Organizational Units
Sturm College of Law
Keywords
Income taxes, Tax reform, Romney, 2008 election
Abstract
With almost half of all Americans paying no federal income taxes — that’s zero, zilch, nothing — it quickly becomes apparent why taxes can never be cut. There are two reasons why.
First, those who pay no federal income taxes generally see no advantage in cutting taxes they don’t pay anyway, and therefore won’t support any politician proposing tax reduction of any kind. In fact, they punish any politician who dares to reveal the fact that almost half of the electorate pays no federal income taxes — witness what happened to Romney in the 2008 presidential election.
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Recommended Citation
Robert Hardaway, Opinion, Think Your Income Tax Rate Will Get Cut Through Tax Reform? Think Again, The Hill (May 11, 2017), https://thehill.com/blogs/pundits-blog/economy-budget/332966-think-your-tax-rate-will-get-cut-with-tax-reform-think/.