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Title: Pawlenty To Give Richest a $1.4 Million Tax Cut
Source:
Bloomberg
URL Source: http://www.bloomberg.com/news/2011- ... est-a-1-4-million-tax-cut.html
Published: Jun 10, 2011
Author: Bloomberg
Post Date: 2011-06-10 22:20:12 by go65
Keywords: None
Views: 185
Comments: 4
The top 0.1 percent of U.S. taxpayers would save an average of $1.4 million in taxes under the economic plan of Republican presidential candidate Tim Pawlenty, according to an independent analysis. Pawlenty’s $11.6 trillion tax-cut plan, which reduces rates on income, capital gains, interest, estates and dividends, is almost three times larger than the proposals endorsed by House Republicans. Compared with current tax policy, 63.6 percent of U.S. households would receive a tax cut, with most of the remainder experiencing no change. Almost half of the benefits would flow to taxpayers in the top 1 percent of income distribution, or those earning more than $593,011 in 2013. “It’s heavily weighted toward benefits for the wealthy, giving big tax cuts for the wealthy, and it makes the tax system much less progressive,” said Roberton Williams, a senior fellow at the Tax Policy Center in Washington, which conducted the analysis and released it today. The center is a joint venture of the Urban Institute and the Brookings Institution.
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#1. To: All (#0)
the guy has one heck of a set of kahunas to argue that we need to return to the failed economic policies of George W. Bush. Maybe that's why he left Minnesota with such a fiscal mess.
"Thats because your basically and idiot." But it is also what is going to vault him to the GOP nomination... You have to analyze him within that context. Listen to this guy speak...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" He believes that we will also have 5% growth over ten years which he thinks will help pay for it. Must be nice to have your head in the clouds. Trickle down economics doesn't work and never will work.
He sounds like the best of the GOP lot...lot of time to shake out, though.
Badeye posted on 2011-04-29 10:30:22 ET
#2. To: go65 (#1)
(Edited)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#3. To: go65 (#0)
#4. To: war (#2)
Listen to this guy speak...
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