Christian Science Monitor -
from the December 01, 2003 edition
US moves - quietly - toward a flat tax
The complete article (including a chart by Brian Roach) is
currently (3/27/04) available on the Christian Science Monitor website. Click on-- http://www.csmonitor.com/2003/1201/p13s01-wmgn.html
Without much public debate or even awareness, the United States is heading toward an
almost flat tax.
That means the middle class will pour nearly as large a share of its
income into tax coffers as millionaires and billionaires do. Throw in another tax cut along the lines of the two successfully
supported by President Bush, and the middle class could actually pay a little more.
That change would reverse decades of US policy and constitute a major
victory for some conservatives who have long advocated a flat tax. ...
On the other side, some Democratic presidential candidates are pushing to
restore the progressivity of the system. They advocate eliminating the Bush tax cuts for the rich to free up federal revenues
for additional public services, such as more comprehensive healthcare. Or the extra revenue could lower taxes for those with
lower incomes. ...
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