REPORT: In 12 States, GOP Plans To Slash Corporate Taxes While Increasing Burden on Working Families
ThinkProgress has been documenting conservative efforts to shift the burden of record budget shortfalls onto middle-class Americans, while simultaneously doling out tax cuts to corporations. While progressive governors have proposed raising revenue from those who can afford it, alongside painful cuts to programs, Republican governors have unveiled budgets that cut taxes for corporations and raise them on the middle-class and working poor.
Despite calling for “shared sacrifice” in their plans, Republican governors have yet to ask corporations to share the burden of record budget shortfalls. Ultimately, choosing big business over Main Street could undermine the already slow economic recovery. However, a Main Street Movement in many of these states has emerged to protest placing the burden of deficit reduction solely onto the backs of the middle-class and public employees.
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