America's richest want to pay more taxes-but we won't let them. We need a tax bracket and rate overhaul

Contributing sentiments towards policy:

54% : On the other hand, property, sales, and excise tax payments are mostly associated with discretionary purchases.
53% : It would be significantly more generous in its treatment of state and local income tax payments (a credit is more valuable than a deduction), but it would eliminate entirely the deduction for property, sales, and excise tax payments, which most Americans receive little to no benefit from..
51% : In Washington, rated by the Institute on Taxation and Economic Policy as having the most regressive state tax system in 2018, state and local taxes consumed 17.8% of family income for those in the bottom 20%, but only 3% of family income for those in the top 1%.
49% : Currently, states are engaged in a race to the bottom on income taxes, frantically reducing their income tax rates, especially rates applicable to the rich, in hopes of attracting (or keeping) rich residents and the businesses they run.
47% : To be clear, by progressive, we refer not to a political ideology, but to the longstanding principle that those with larger incomes can and should pay a higher percentage of their income in taxes than those with lower incomes.
47% : States would be able to impose income taxes up to about 17% of the federal rate, and have their residents receive a credit for 100% of state taxes paid.
43% : At the state and local levels, taxes are largely regressive, hitting poor and middle class families much harder than the rich, in all but six states and the District of Columbia.
41% : Our proposal would discourage such behavior by adding a credit against federal income tax for state and local income tax payments.
32% : Meanwhile, governments have become less reliant on income taxes and more reliant on more regressive taxes, such as payroll tax at the federal level and property and sales tax at the state and local level.
29% : By focusing the credit entirely on income taxes, we would remove any incentive for states to impose income tax at lower rates or worse-eliminate income taxes entirely, as many states have done.

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