President Obama recently gave a lengthy speech on inequality, poverty, and what to do about it. He claimed inequality is increasing, which is debatable, and then offered a few populist ways to reduce it, such as raising...
- The Tax Policy Blog
- Confiscating All Income Earned by CBPP Employees Could Help Pay for...
Confiscating All Income Earned by CBPP Employees Could Help Pay for Health Reform
The Center on Budget and Policy Priorities (CBPP) doesn't even seem to be trying lately, as evidenced by the titles of their recent reports:
- Increasing Medicare Tax on High-Wage Earners Could Help Pay for Health Reform
- Curbing Flexible Spending Accounts Could Help Pay For Health Care Reform
- Taxing High-Sugar Soft Drinks Could Help Pay For Health Care Reform
- Reversing the Erosion in Alcohol Taxes Could Help Pay for Health Care Reform
- Reducing Medicaid and Medicare Drug Costs Could Help Pay For Health Reform
- Maintaining Current Value of Itemized Deductions For High-Income Taxpayers Could Help Pay For Health Care Reform
- An Excise Tax on Insurers Offering High-Cost Plans Can Help Pay for Health Reform
- Limiting the Tax Exclusion for Employer-Sponsored Insurance Can Help Pay for Health Reform
- High-Income Surcharge Can Help Pay for Health Reform
C'mon, CBPP. Whether a proposal will raise revenue that "could help pay for health care reform" says nothing about whether it's good policy or not. Otherwise, CBPP would just support anything that increased revenue, no matter how terrible an idea. As I note in the title, if we grabbed every CBPP employee by the ankles and shook them, the cash that falls to the ground "could help pay for health care reform." But it'd be bad policy.
Similarly, today CBPP's Michael Mazerov denounced Amazon.com's efforts to challenge a New York tax as unconstitutional, on the grounds that Amazon.com's refusal to knuckle under and comply "hurts state and local governments' ability to finance education, health care, and other services." Well, if the states passed an unconstitutional law confiscating CBPP's property without just compensation, I'm sure they would rightly protest. Even though such a protest "hurts state and local governments' ability to finance education, health care, and other services."
Buy this blogger a cup of coffee!
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.