Two gallons for your Mercedes?
Riley, a Republican running for re-election, wanted to expand the tax cut so it eventually would save taxpayers at least $133 million a year and give tax cuts to many more middle-class and upper-income people, said Rep. Mac Gipson, R-Prattville.
Actually… Riley wanted to give a tax cut not to more people. Riley wanted to give a tax cut to EVERYBODY. His original proposal would have given a $55 tax cut next year to millionaires.
Don’t forget that the richest Alabamians already pay less than half (PDF file) of what low-income Alabamians pay in state and local taxes (as a percentage of income).
What do you suppose a millionaire would have done with that extra $5 a month?
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Comment by Altoid — March 30, 2006 @ 9:46 pm