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Higher Taxe Rates On Middle Class Than On Millionaires**Link Edited



Republicans to Propose Higher Taxe Rates On Middle Class Than On Millionaires


Once again, showing their true colors, Republicans put millionaires before the masses and profits before people and they wonder why job creation plumments under their leadership, why 9 of the last 10 recessions have occurred when they are in charge, and why the national debt EXPLODES when their economic policies are in place.

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GOP's State of the Union Responder Would Set Higher Taxes on Middle-Class Than Millionaires

by: Pat Garofalo

House Budget Committee Chairman Paul Ryan (R-WI) was announced today as the Republican who will be responding to President Obama’s State of the Union address next week. Ryan has gained a (largely unearned) reputation as a fiscal hawk due to his radical Roadmap for America’s Future, under which the U.S. budget will eventually be balanced (after federal debt surpasses 100 percent of GDP), mostly via privatizing Social Security and Medicare.
According to an analysis by Citizens for Tax Justice, the Roadmap would raise taxes on 90 percent of Americans, while dramatically lowering them for millionaires. In fact, a new analysis from the Economic Policy Institute found that Ryan’s plan would ultimately translate into middle-class tax rates being higher than those for millionaires:

read full article:
http://www.truth-out.org/gops-state-union-responder-would-set-higher-taxes-middle-class-than-millionaires67070


Should the middle class pay higher taxes than the rich?

Answer Question
 
SxyMartini

Asked by SxyMartini at 7:33 PM on Jan. 26, 2011 in Politics & Current Events

Level 8 (271 Credits)
Answers (32)
  • Great info, unfortunately the people who need to hear it will either deny it or ignore it. lol Just watch.
    stacymomof2

    Answer by stacymomof2 at 7:39 PM on Jan. 26, 2011

  • page not found.
    Carpy

    Answer by Carpy at 7:41 PM on Jan. 26, 2011

  • I got the same as Carpy. Page not found.
    tiddliwinks

    Answer by tiddliwinks at 7:42 PM on Jan. 26, 2011

  • I got page not found too.
    FricknFrack

    Answer by FricknFrack at 7:43 PM on Jan. 26, 2011

  • Considering that aul Krugman is on board, it is discredited. I didn't find the article but found that much. BS
    Carpy

    Answer by Carpy at 7:47 PM on Jan. 26, 2011

  • Paul*
    Carpy

    Answer by Carpy at 7:47 PM on Jan. 26, 2011

  • The Roadmap would lead to the wealthiest Americans paying a lower average tax rate than most Americans. Eliminating taxes on capital gains, dividends, and interest, as the Roadmap proposes, would overwhelmingly help taxpayers at the top of the income distribution, who receive most or all of their income from capital. For example, Wall Street financiers could shelter all of their income as tax-free stock options or carried interest.

    From the OPs link. See, OP, I told you...ignore, deny...
    stacymomof2

    Answer by stacymomof2 at 7:53 PM on Jan. 26, 2011

  • same old same old, nothing new. When will people wake up and get this is what they are all about. People vote against their own economic interest all the time. It baffles me.

    mommom2000

    Answer by mommom2000 at 8:03 PM on Jan. 26, 2011

  • From the OPs link

    You mean the OP's link to a partisan blog. How about something neutral - you know those things some people insist conservatives never read, yet the liberals never manage to find a link for.
    NotPanicking

    Answer by NotPanicking at 8:22 PM on Jan. 26, 2011

  • Wouldn't surprise me in the least. With all the loopholes the wealthy have, they pretty much pay less than a lot of other folks now. As for cutting Pell Grants...yeah, lets make it impossible for even more non-atheletic star kids to get a college education.
    meriana

    Answer by meriana at 8:30 PM on Jan. 26, 2011

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