Republicans’ proposed 30% national sales tax would raise the prices of: —Gas —Groceries —Housing —Medicine —Much more
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Wait...so now sending people monthly "credits" to buy things like food and medicine is NOT godless, anti-American socialist communism?? These people spend their time ranting against SSI, welfare and Medicare. Yet propose LITERALLY the exact same thing, except worse.
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Does that mean you would like the consumption tax to replace income tax idea if it was filed by Democrats in Congress instead of Republicans?
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No. A consumption tax is regressive and any economist worth their salt will tell you the poor and middle class bear the greatest burden. This is nothing more than a Republican Trojan horse to try and kill SSI and Medicare.
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Replying to @dalerma @TheDemocrats
Why do you say it's regressive when you already know the monthly prebate exists? That prebate "untaxes" the poor and gives those who spend at the poverty level an effective 0% tax rate. (Those who spend below get a negative tax rate.) Higher-spenders approach the 23% tax rate.

Feb 5, 2023 · 5:14 PM UTC

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Replying to @TheREALKoopaTV @TheDemocrats
Very low income earners have an effective tax rate of 0% now; they won't under this plan. Now, they can claim enough exemptions to drop the FIT liability to zero, or even negative on their paychecks. With nat'l sales tax, they'll HAVE to pay at least some federal income tax.
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Again, very low income earners (who spend all of their money) can have an effective tax rate of 0% if their spending is equal to the poverty line. Meanwhile, they may still have an effective tax rate >0% with the repulsively regressive payroll tax in the current system.