Senate Tax Reform Bill
- Share via
Why has nobody mentioned, much less deplored, the body blow to what we once fondly called the progressive income tax--that is, an increased rate of taxation in accordance with increased income?
Its destruction has long been the goal of the more disreputable sections of the Republican Party who have astronomical amounts of income to defend, but without a chance of adoption until the voters saddled themselves with Ronald Reagan and all that goes with him.
The most glaring example in the Senate bill is the uniform rate of 27% on incomes of $29,300 ($17,600 for singles) to an infinity of millions!
A small anti-social item: Large families are to be subsidized by those of reasonable size since the former enjoy deductions not allowed the later.
MARGARET CRALLE
Arcadia
More to Read
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.