Analysis: GOP Plan Would Be a Tax Hike for 35% of PA Residents
March 9, 2022
|As the Pennsylvania Capital-Star reported this morning, Republicans’ agenda of tax hikes would increase taxes for over one third of Pennsylvanians and implement “a massive tax hike for the poorest 40 percent of Americans,” based on a new ITEP analysis. Senator Rick Scott and the GOP’s “uniformly terrible” plan to massively tax families shows yet again that Republicans’ only goals are to raise taxes, jeopardize health care and do nothing to lower costs for Pennsylvanians.|
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Pennsylvania Capital-Star: Analysis: GOP plan would be a tax hike for 35% of Pa. residents | Wednesday Morning Coffee
Scott is coming in for scorching criticism for his suggestion that all Americans, regardless of their wealth, be required to pay federal income taxes.
While this may theoretically sound great on paper (Yes, we’re looking at you, Jeff Bezos), the consensus is that it would result in a massive tax hike for the poorest 40 percent of Americans, who would see their tax liability rise by an average of $1,000, according to one analysis.
The share of households facing tax hikes would vary across states, according to an analysis by the Institute on Taxation and Economic Policy, ranging from a low of about 24 percent in Washington State to high of roughly 50 percent in Mississippi, which is among the poorest states in the country.
Below, a look at how Pennsylvania would fare under Scott’s plan.
More than a third of Pennsylvania residents (35.6 percent) would see their taxes rise under Scott’s plan, according to the new analysis.
Pennsylvania Democrats, as you might expect, pounced on the new analysis, warning in a statement that “Republicans have finally come clean about their economic agenda and it is a disaster for families and working people” across the state.
U.S. Sen. Ron Johnson, R-Wisc., told Breitbart News Daily on Monday that he agrees with “most of” Scott’s 11-point plan, which also includes cuts to Social Security and Medicare, describing it as a “positive thing,” Wisconsin Politics reported.
File under: Hold my beer.