Missouri GOP Wants To RAISE TAXES On 100,000 SENIORS & DISABLED To Pay For CORPORATE TAX BREAKS

[Segami]

:mad: :mad:


" Yesterday, Missouri lawmakers began a special session during which Republicans will try to pay for a business tax cut by eliminating a tax credit that benefits more than 100,000 senior citizens and disabled people.


Missouri Republicans are just the latest in a long list of state legislatures that are funding more corporate tax breaks on the backs of low- and middle-income residents. In this case, Republicans are targeting a property tax credit that helps offset higher rent for some of the state’s most vulnerable citizens:

At stake is a tax credit that provides up to $750 for lower-income elderly and disabled people. Called the “Circuit Breaker,” it is designed to be an offset for the property taxes included in the rent paid by people with incomes of $27,500 or less. The tax credit costs $53 million annually. Repeal is part of a package that also would impose limits and sunset dates on credits targeted to developers. The Circuit Breaker tax credit is the only credit slated for repeal.



“The real issue is that many people with disabilities simply can’t own their own homes because they live on a subsistence income,” said Edward Duff of Joplin, a member of the Governor’s Council on Disability. “It really is a sort of parity to offer these renters this shelter.”



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Once again, Republicans have shown they are not averse to raising taxes, as long as they are on the poor. The “circuit-breaker” tax credit is such an important aid for low-income residents that 29 other states offer property tax circuit-breakers or similar programs, according to the Center on Budget and Policy Priorities. Killing the credit would raise taxes on groups including disabed vets and senior citizens by up to $750 a year.



cont'


http://thinkprogress.org/economy/2011/09/07/313244/missouri-gop-wants-to-raise-taxes-on-100000-seniors-and-disabled-citizens-to-pay-for-corporate-tax-break/



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[Scuba]

1. And yet real People will vote for them again in 2012. n/t

[Crazy Dave]

3. And democratic leaders will do nothing to stop it

They'll just complain that they don't like it and then vote for it.

[TeamsterDem]

2. Gotta help those job creators!!!!!! nt

:sarcasm:

[Dawson Leery]

4. These are fascists.

Give everything to the top 1%.

[taught_me_patience]

5. They get what they voted for

And they'll re-elect these fools too.

[starroute]

6. But in this case the Democratic governor is going along with it

The governor of Missouri is Jay Nixon, and I saw something a couple of days ago saying that he was originally against the idea but is now saying more or less, "These are desperate times and we have to try anything that might bring jobs to the state."

It's not just "the Republicans" who are to blame any more. It's "Republican thinking" -- which can be found even among Democrats. After four decades of brainwashing, far too many Democrats agree that catering to business is the only way to increase employment and that it's only liberal compassion that keeps them from going for it the whole nine years.

Well, fuck liberal compassion. We have to do what works -- and bribing corporations doesn't work. Reducing inequality is the only thing with a chance of saving us. But the entire present generation of politicians is all but useless from that standpoint.

[hfojvt]

7. yeah, because, after all, we cannot increase taxes on the rich

and use that revenue to create government jobs.

And wouldn't you know it that the top 1% pay taxes in Missouri at 5.4% and the bottom 20% pay a 9.6% tax rate. http://www.itepnet.org/wp2009/mo_whopays_factsheet.pdf

[mitchtv]

9. Some Dems, huh? McCaskell is of that ilk

we have many here, but in CA they are not the only ones. We need to get rid of treacherous blue dogs, pronto.

[RegieRocker]

8. Back to calling the nitwits again.

[krispos42]

10. Will people for FUCK'S SAKE stop voting Republican???

What, do I have to tattoo this on everybody's forehead? Backwards, so you can read it every morning in the mirror?

:banghead: