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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (615917)6/13/2011 1:24:14 PM
From: tejek  Read Replies (1) of 1580483
 
To show how radical the GOP has become, moderate Pawlenty is proposing increasing the tax cuts:

"Pawlenty proposes to reduce the top individual income tax rate from 35 percent to 25 percent, cut the top corporate rate from 25 percent to 15 percent, and allow pass-through corporations to pay taxes at the corporate rate. He also wants to completely eliminate capital gains taxes, taxes on dividends and interest, and the estate tax.

Altogether, according to the Tax Policy Center, it would cost the Treasury over $11 trillion over the course of a decade -- most of which would benefit the wealthiest Americans. It's a recipe for either a catastrophic budget crisis, or a fundamental dismantling of the public sector's role in American life, or both."

tpmdc.talkingpointsmemo.com
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