Lower Tax Rates > Targeted Tax Credits | International Liberty

The tax-credit reformers also argue that their proposals are much less susceptible to class-warfare demagoguery that is the supply-side approach, since tax relief flows to lower- and middle-income voters. …But here’s the downside: Conservatives can bend over backward to appease the class-warfare crowd, but they can never outflank them. …Once conservatives have accepted the left’s premise that tax policy should be based on static distribution tables, they won’t have a ready answer for the left’s gambit.But as far as I’m concerned, the real issue is how to raise take-home pay.The reformicons want to make families more secure by reducing how much the IRS takes from their paychecks.I certainly like the idea of boosting post-tax income, but I contend that it would be even better to focus on policies that increase pre-tax income.

via Lower Tax Rates > Targeted Tax Credits | International Liberty.

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