American Progress Tax Plan
supporter
Posted by Gunnar Emilsson (+17498) 9 years ago
Screw Simpson-Bowles, here is a much better tax plan for President Obama to put forth:

http://www.americanprogre...INAL-b.pdf

Robert Rubin and Larry Summers are among the authors. It reduces the debt by $4.1 trillion over 10 years. Those making between $100,000 and $250,000 a year would see a 0.3% rise in taxes, those earning more than $500,000 would see a 3% increase, and those earning more than $1,000,000 annually would see a 5% increase in their income taxes.

It provides for economic growth, fiscal discipline, and addresses the rising inequality between the poor and the wealthy. What's not to like about it?
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supporter
Posted by Richard Bonine, Jr. (+14983) 9 years ago
It is a great start. Unfortunately, it doesn't appear to cut military spending, which IMO is our biggest need on the spending side of the equation.
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supporter
Posted by Bridgier (+9225) 9 years ago
Simpson-Bowles is a trap. Practically ANYTHING that Obama would be willing to put forward is better than that POS.

It basically boils down to "If we make the 98% suffer enough, than Jesus of Wall Street will rise from the grave and give everyone's 401k a happy ending. Also, we should totally fk the olds"
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