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MON JUL 25, 2011 AT 12:46 PM PDT

FAA shutdown proves Republican tax theory sucks


Trickle down? Never heard of it!


You know the drill. If you cut taxes on industry X, they'll "pass the savings on" to consumers! Yay!

Only they don't. Not to put too fine a point on it, but it's because Republican theories on everything, including taxes, are stupid BS and everyone in the world knows it. 

 

If you didn't, you do now:

 

Airlines raise fares to scoop up tax lapse

   Many airlines raised fares in recent days to take advantage of a lapse in ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers will likely not notice any price difference.

   The expiration of the FAA reauthorization on Friday means some aviation taxes are no longer being collected. These include a 7.5 percent sales tax on U.S. air transportation and a 7.5 percent sales tax on the purchase of air miles, said fare watcher FareCompare.com. Additionally, taxes on jet fuel are also reduced.

   "Friday evening we adjusted prices so the bottom line price of a ticket remains the same as it was before prior to the expiration of federal excise taxes, etc.," American Airlines spokesman Tim Smith for AMR Corp's American Airlines said by email.

http://www.dailykos.com/story/...can-tax-theory-sucks

 

Here was the perfect opportunity for Republicans and their business allies to manufacture some proof for their stupid mantra, but ... surprise! The industry grabbed the money and flipped their allies (and their customers) a big double bird.

F you! We're keeping the money!


This stuff never works, because the bottom line when it comes to money is still the same: everyone wants as much as they can get. The moaning and groaning about taxation, and how much of that money the super-rich and giant corporations would be willing to let all the rest of us have if we'd just cut their taxes and be patient, is, always was, and always will be a big load of BS.


TAX THE RICH!

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