Now was that so hard? Want to boost the economy? Cut taxes. Newt Gingrich, in the WSJ, proposes cutting the 25 percent tax bracket to 15 percent, basically creating a 15 percent flat tax for 90 percent of all Americans. As Gingirch puts it:
"This would be much more effective than Mr. Obama's tax plan with it's $1.3 trillion in redistributive tax credits, as well as yet another so-called stimulus package based on another $300 billion or more in increased government spending.'"
Me: Gingrich's plan makes it even clearer to me that John McCain should have made tax reform the centerpiece of his campaign, particuarly the idea of creating a two-rate structure -- 25 percent and 10 percent. Instead, Obama won the "tax cutter" mantle and the presidency.
Travis M. of TX @ Nov 25, 2008 13:26:12 PM
Brett S of GA @ Nov 21, 2008 02:15:45 AM
of @ Nov 20, 2008 11:10:10 AM