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From: rrizzo@bbncca.ARPA (Ron Rizzo)
Newsgroups: net.politics
Subject: "No more taxes" Reagan?
Message-ID: <1103@bbncca.ARPA>
Date: Mon, 5-Nov-84 10:14:08 EST
Article-I.D.: bbncca.1103
Posted: Mon Nov  5 10:14:08 1984
Date-Received: Tue, 6-Nov-84 06:39:37 EST
Organization: Bolt, Beranek and Newman, Cambridge, Ma.
Lines: 36

THERE HE [REAGAN] GOES AGAIN!

On Friday the Treasury Dept. CONFIRMED reports that it is seriously
studying the elimination of some significant Income Tax deductions
(for Real Estate Tax, State & Local Income Tax, & others) and the
taxing of Unemployment Insurance and Workers Compensation.

In Massachusetts (as in other states), property taxes, even a few
years after a tax ceiling referendum (Proposition 2 1/2) passed,
represent at least a few thousand dollars for every homeowner & a
significant reduction of taxable income.  As state income tax in-
creases, that too is a significant source of reduction.

All the prospective targets of Reaganite taxation penalize upper
middle, middle, & low income people (the vast majority of Ameri-
cans) & destroy significant forms of tax relief for Americans who
simply can't afford the expensive & complicated tax avoidance 
schemes of the rich.  The wealthy are untouched as long as invest-
ment credits & deductions remain, & even if these were to go, tax
shelters of one kind or another are always available for those
with the bucks to set them up.

Not only are Reaganites planning to tax deviously via deductions
& social safety-net funds, but they further erode the already hard-
pressed middle classes, whose increasingly thin margin of financial
security in large measure lies precisely in such homely piecemeal
economies as the motley income tax deductions.

At least the Democrats are UP FRONT about how they'll raise federal
revenues, & what taxation they'll implement.  They also seek to tax
FAIRLY, making the rich PAY THEIR SHARE.

So you thought Reagan was a populist, eh?

					Cheers,
					Ron Rizzo