You Get A Quarter For A Tax Break, 1,000 Others Will Get 20 Grand
There were some eager press reports this week proclaiming that the state legislature had just voted to lower taxes in Tennessee. The truth of the matter is nothing to cheer about. R. Neal lays out the math:
"... to summarize, the 0.1% get a $20,000 tax break and everybody else gets a $3.50 tax break. How very Republican!"
Just watch - this legislature will send out re-election campaign shouts of "We Lowered Taxes!"
Meanwhile, expect more cuts to education, more invasion of your personal lives, zero accountability for campaign donors, etc etc. It's the Conservative state of Tennessee where the state works to conserve money and influence into the smallest number of hands.