Tribune column debunks false attacks on Fair Tax
The Fair Tax constitutional amendment is popular, necessary and the right thing to do. Opponents don’t have good arguments against it; they just want to avoid paying their share. So they’re trying to confuse voters about what Fair Tax reform will do.
The Chicago Tribune’s Eric Zorn took on that misinformation in a recent column, “The top four arguments against the ‘fair tax’ and why they fail”.
Taking on the claim that Fair Tax reform—under which the 97% of taxpayers with incomes under $250,000 will get a tax cut or pay no more than they do now—could someday lead to higher taxes, he cited a study showing that “states with graduated income taxes are more than twice as likely to cut taxes on the middle class”.
Disputing the notion that rich people will leave Illinois rather than pay their fair share, Zorn quoted “The Myth of Millionaire Tax Flight” by Cornell University’s Cristobal Young, noting that New York, California and other Fair Tax states have no trouble attracting and retaining wealthy residents.
And to those who demand spending cuts before Fair Tax reform, he pointed out that Illinois’s budget is among the nation’s smallest per capita, the result of years of harmful cuts to education, health care, human services and public safety.
“In the wake of the damage wrought by COVID-19,” Zorn wrote, “the question isn’t whether the state will need vastly more money to provide vital services, but how we’ll divvy up the bill. Will it inflict the least amount of pain if we ask high earners to pay a greater share, or not?”
For more, read Zorn’s full column here.