Poor People Really Get Screwed By Ben Carson’s Tax Plan

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.


Back in the day—meaning approximately 2008 or so—Republican presidential candidates made a big mistake. They released their tax plans without bothering to figure out anything other than the average tax cut each one provided. The frequent result was that taxes went up on the poorest people and down on the richest. That’s bad optics.

By 2012 they’d all wised up. Their tax cuts might be bigger for the rich, but they made sure everyone got a cut.

When I was looking at Ben Carson’s plan last night, I realized that the poor guy hadn’t been paying attention. He figured that by setting a zero percent tax rate on income up to $36,000, he’d be guaranteeing that the poor would get a tax cut. Unfortunately, his actual knowledge of the tax code is so shallow that he didn’t realize what he meant when he said his plan eliminated all credits and deductions. That means he’s getting rid of the Earned Income Tax Credit, which often amounts to a negative tax rate for the poor. In other words, paying $0 is a tax increase for a lot of them. Citizens for Tax Justice provides the details:

Under Carson’s plan, the bottom 20 percent of taxpayers would receive an average annual tax increase of $792 and the second 20 percent would get an average annual tax increase of $447, while the top one percent would receive an average annual tax cut of $348,434. The main reason Carson’s plan would increase taxes on low-income families is that it would eliminate all tax credits, including the highly effective Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).

There’s still no reason to care about this since Carson is obviously doomed to return to the book promotion racket at this point. Still, just for the record, I figure this deserves a chart to memorialize it for posterity. So here it is.

Owned by no one—except you.

We just keep seeing it happen: Newsrooms owned by billionaires and corporations are spinning their own narratives, overwriting the truth, following only stories that keep them in the pocket of those with even more power.

Not here. We’re not owned by anyone. We’re not part of any cult that demands our allegiance to a bottom line. We’ve spoken up and spoken out while other newsrooms changed their stories—or cut them altogether—to keep the C suite happy.

Our mission is to find the truth and amplify it. That’s why we’re independent, nonprofit, and, crucially, funded by readers. The investigations on our website will always be free to read, watch, and listen to, but our newsroom is powered by readers who pitch in what they can so we can keep asking the hard questions.

Can you chip in today?

Owned by no one—except you.

We just keep seeing it happen: Newsrooms owned by billionaires and corporations are spinning their own narratives, overwriting the truth, following only stories that keep them in the pocket of those with even more power.

Not here. We’re not owned by anyone. We’re not part of any cult that demands our allegiance to a bottom line. We’ve spoken up and spoken out while other newsrooms changed their stories—or cut them altogether—to keep the C suite happy.

Our mission is to find the truth and amplify it. That’s why we’re independent, nonprofit, and, crucially, funded by readers. The investigations on our website will always be free to read, watch, and listen to, but our newsroom is powered by readers who pitch in what they can so we can keep asking the hard questions.

Can you chip in today?

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

INDEPENDENT. BECAUSE OF YOU.

Mother Jones has no billionaires calling the shots—just readers like you making fearless reporting possible

Donate