What is the antonym of "analysis"? ITEP Has Published That
Holy tax ripoff, Batman!
The amazing shills at Institute on Taxation and Economic Policy delivered this still born baby, right here.
Wow, that is one appallingly ideological analysis. If the state government were worried about the middle class, they wouldn't have socked it to them so hard over the last 17 years.
In 1992, MO state spending was $16.5billion (in 2009 dollars). The population was 5.2 million. So, in real dollars per capita, they were spending about $3,100 per capita.
In 2009, MO state spending was $25.1billion (in 2009 dollars). The population is now about 5.9 million. So, in real dollars per capita, the might MO state government is spending $4,250 per capita.
Remember, that is controlling for inflation, and controlling for population. MO has increased spending by nearly 40%, over and above any conceivable underlying explanation for growth. I don't know the comparison across states, but that is a truly gigantic increase. No wonder so many businesses have left Missouri; it's a freakin' banana republic!
Over and over in that ITEP document, the "analysts" say that cutting taxes will "cost" the state money for "needed expenditures." Two questions: How do you figure that letting people keep money they earned is a "cost"? The money belongs to the people, not the state. Cutting taxes is the opposite of a cost.
Second, is ANY expenditure unneeded? This document is clearly written by a bunch of shills who make their living off the people's taxes. (And you know that they just exactly...what the facts is).
It's possible that some middle class people will have their taxes increased slightly as a result of the Fair Tax legislation. But I would hope that having a chance of being employed by a private company, which might consider moving to Missouri if its tax structure were less like Nicaragua's, would be more of a concern for the enlightened state government.