Pro-Abusive Tax Shelters

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"Pro-Abusive Tax Shelters"

The Great Falls Tribune today shows exactly how far to the right the conservative movement has moved. Right-wing legislators in Montana have come down on the side of abusive tax shelters, voting against commonsense legislation to close these loopholes bening taken advantage of by tax evaders.

As the Tribune notes, the bill they are opposing “goes after illegitimate income-tax shelters by requiring businesses and individuals to file additional information on transactions that may be taxable. It says those who fail to provide such information shall pay a $10,000 fine for an individual and $50,000 for a business. It also attempts to crack down on those avoiding capital-gains taxes on real estate sales. [And] it targets Montana people or businesses who establish residency in a state without income taxes for the purpose of selling property, so they don’t have to pay Montana income taxes.”

So basically, if you are against this, as the right-wingers are, you are actually FOR abusive tax shelters that rip off regular taxpayers and rob state government of revenues it needs for basic services. How much farther right can these people go before they want to officially turn the government over to special interests and the wealthy?

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