The proposals he is presenting, though, come with specifics. He’ll advocate cutting the business tax rate by more than half — from 35 percent to 15 percent — and push for individual tax reform, so that the country abides by a “simpler, fairer flatter tax system.” He’ll call for an end to the capital gains tax, interest income tax, dividends tax, and the estate tax.
Pawlenty will propose just two rates: 10 percent and 25 percent. Those who currently pay no income tax will stay at a zero rate, but the first $50,000 of income (or $100,000 for married couples) would be taxed at 10 percent.
This will be “a one-third cut in the bottom rate to allow younger, middle, and lower-income families to save and build wealth. And a 28 percent cut in the top rate to spur investment and job creation.”
Source: http://feeds.politico.com/click.phdo?i=001b39951fb42ed7afef3531d6b274f0
Frank R. Lautenberg Frank R. Wolf Fred Upton Frederica S. Wilson
No comments:
Post a Comment