Invert State Tax Structures To Eliminate State Budget Deficits
In 2002 and 2010, Green-Rainbow Party gubernatorial candidate Jill Stein proposed to level the tax rates so that low income owners would no longer pay at a higher effective rate. She said this would largely resolve the budget deficit without raising the question of why one group should pay at a higher rate than another. Stein asserted that a regressive tax structure was not only unfair, but would never raise adequate revenues. Now United for a Fair Economy has issued a study that largely confirms Stein's points. And it goes further, suggesting that the tax rates be "flipped" to be more progressive. This kind of discussion is badly needed if we are ever to solve the problem of a state government that is chronically in fiscal crisis.