We've reached the point in the Tax Committee hearing where the Chamber of Commerce rolls up with the same fake talking points they use every time anyone proposes asking the wealthy to pay their fair share.

Here's some facts 🧵 #mepolitics
1. Tax flight is a myth. Wealthy people have deep roots, and study after study prove that taxes don't drive interstate relocation. Here's one from Maine. #mepolitics mecep.org/wp-content/upl…
2. Trickle-down economics don't work. They never have. There's dozens of studies on this. Here's a story on one, from LSE. #mepolitics washingtonpost.com/business/2020/…
3. In fact, the opposite is true. States that raised taxes do as well or better than neighboring states, including those that cut taxes. #mepolitics cbpp.org/research/state…
I could go on and on. The real question: Will The Chamber ever update its disproven talking points?

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Mario Moretto

Mario Moretto Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @riocarmine

26 Jan
1/ It's tax conformity season again. Here's some info and context.

First, and most important: What is conformity? It's a question every state must tackle, about whether to adopt changes to federal tax law in their own, state-level tax codes. #mepolitics
2/ Some states have "rolling conformity," in which federal changes are automatically made to state taxes unless the Legislature votes not to make them. Maine doesn't do this. We have purposefully chosen to make our own decisions about our own tax code, every year.
3/ We assess federal changes, debate whether they make sense for Maine, and only adopt those changes to our own tax laws (or "conform") if a majority of the Legislature votes to. This is a good approach, because ...
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(