Monday, October 22, 2012

Election 2012: Taxes | National Catholic Reporter

Election 2012: Taxes | National Catholic Reporter by MSW.  MGB: I'm not sure if your premise is not false, which may be why he is not sharing details.  His plan may be exactly like Simpson-Bowles or Rivlin-Domenici, with capital gains and dividend taxes rising to 28%, with business and high income taxes being cut to the same rate (so that tax rates no longer impact economic decisions).  In my opinion, both candidates are passing by the opportunity to embrace some form of consumption tax so that most people no longer have to file, while also stressing a need to increase and consolidate the child tax credit (and pay it through employers) so that, again, the poor no longer need to file to get their tax benefits.  I would think working class voters would flock to such a candidate (even if the Tea Party leadership would not).

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