Trickle-Frown Economics :-(

“In his inaugural address four years ago, Gov. Jeb Bush complained about the ‘crushing weight’ of Florida taxes. He has prided himself on cutting taxes every session since then. But for most Floridians, the state and local tax burden has become heavier still. It has been lightened only for the wealthiest, who were taxed the least to begin with.” [Editorial – St. Petersburg Times, 1/12/03]

“Kasich’s tax plan would: —lower the top individual tax rate from 39.6 percent to 28 percent. —cap the long-term capital gains tax rate at 15 percent, helping those in the highest income tax bracket. —eliminate the estate tax. —lower the top business tax rates from 35 percent to 25 percent. —double the research and development tax credit for small businesses. —increase by 10 percent the earned income tax credit, which is intended to help lower-income taxpayers. ‘This looks like a pretty big tax cut for the top end and a little bit at the bottom,’ said Robertson Williams, a senior fellow at the Urban-Brookings Tax Policy Center. ‘There’s not much going to the middle class.’” [Associated Press, 10/15/15]

“If he wins his party’s nomination, though, Rubio will have to defend a tax plan that, while said to address the challenges of the middle class, includes a huge break that all-but bypasses the middle and greatly boosts the rich. It was a tax plan that was even too large for Romney himself to run on.”[Washington Post, 4/14/15]