They All intend to screw us! clo
in part:
It is no accident that the Gang of Six package is not available to the public yet. It is being kept under close wraps in the Senate. But, already, it has leaked out that the Gang's proposal includes a reduction in the top personal income tax rate from 35 percent to 29 percent. (The House Republicans have been calling for a 25 percent rate from the beginning. So, that's more than half way there before bargaining even begins.)
Of course, even at the current 35 percent top personal tax rate, that's not what the wealthiest 1 percent of taxpayers actual pay in federal taxes. In 2007, their "effective" income tax rate - i.e. what they really paid - was only 16.6 percent. This compares to a top rate of 24.2 percent for the same wealthiest 1 percent in 2000. Reducing the current 35 percent to 29 percent, as proposed by the Gang of Six, will likely, therefore, reduce that "effective" top rate even further, to the 12 percent to 14 percent range.
http://www.truth-out.org/what-do-obama-gang-six-and-paul-ryan-have-common/1311350379
DO SOMETHING!
| 