Dems Keep Tax-Raising Focus on Top 2%

Sep 5, 2012 Full story: Bloomberg

The Democrats' plan for U.S. tax policy comes down to two simple, politically popular statements: Raise taxes on the rich.

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retiredbankaccou nt

Bryn Mawr, PA

#1 Sep 5, 2012
Rather than starting or perpetuating a class war just CLOSE THE LOOP HOLES in the existing tax code to get private equity and corporations to pay their fair share.

Why should private equity PAY be taxed like a stock sale at the capital gains rate of 15% or why should a GE or Goldman Sachs be able to pay 1% or nothing.

If they didn't how fragile the economy and/or tax funded government services are related shame on them. If people need more money to pay more taxes they'll wind up pressuring an already weak economy by looking for jobs including entry level jobs the younger work force needs just to get buy.

Along with loopholes the outsourcing of the US economy by so called American needs to be stifled as well.

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