From drivers' licenses to public schools, state and local governments are raising money any way they can–all while cutting taxes on the rich.
-By Joshua Holland
September 9, 2011- Here's a simple fact the Right would like you to ignore: cutting public spending doesn't lead to fewer dollars being “taken out of your pocket” for the services government provides; it merely shifts those costs around, and often increases them.
When conservatives say, “I'm for lower taxes and fiscal responsibility,” what they really mean is that they favor cutting top marginal tax rates – those paid by a relatively wealthy few – capital gains taxes on investments, inheritance taxes and taxes on corporations. And to make up for those revenue losses, they are happy to run higher deficits and very quick to raise taxes on the rest of us.