Saturday, March 9th, 2013
Stephan: The Rightwing disinformation machine, working on behalf of the Virtual Corporate States and the Uber-rich who control them, spews out so much wrong reportage that, as polls show, most Americans have absolutely erroneous views about our economy. Ninety four per cent of Americans think the deficit is growing when, in fact, it has shrunk by hundreds of billions of dollars during Obama's administration, and continues to shrink. Similarly most believe that low tax states have greater economic growth. Once again, that is completely backwards. Here is some real data. You won't find it in the corporate media, which now specializes in things that have little substance, but much emotion.
Click through to see the graph.
Republicans love to claim that low-tax states such as Texas enjoy a disproportionate amount of economic success, while higher-tax states like California are economic basket cases. Republican governors in several states are using that rationale to propose gutting their state income taxes (and, in many instances, replacing them with regressive sales taxes).
But a new report from the Institute on Taxation and Economic Policy shows that so-called ‘high tax states