Progressives love to talk about fairness as they champion bigger and more muscular government presence in our lives, mandating and regulating more and more of what we do. But will progressives agree that taxing someone twice is unfair? They should.
The concept of being fair with tax policy is just one reason JLF’s Roy Cordato is advocating that state lawmakers continue the positive economic momentum of their 2013 tax reform package by reducing or repealing the state’s tax on capital gains. The current system contains a tax bias — unfairness — against savings, investment, and entrepreneurship. Cordato explains how a change to the capital gains tax structure would help address that bias.