Nobody had any interest in actually scoring Gingrich’s plan until he surged in the polls. But now, the Tax Policy Center has taken a look. And they found that his plan would give the top 1% a $428,000 annual tax cut, and the top 0.1% a tax cut of $2.3 million. Millionaires get an average $760,000 cut.
|By: David Dayen Monday December 12, 2011 2:50 pm|
|By: David Dayen Tuesday October 25, 2011 11:30 am|
Rick Perry says the tax code is a mess, riddled with problems and is unsustainable. So his solution is to offer a choice between his “flat tax” and the current code. Wonder what rich people will choose?
|By: Blue Texan Monday October 24, 2011 10:30 am|
These wingnuts are absolutely convinced that human life begins at conception, but when it comes to global warming and Obama’s citizenship — we just can’t be sure.
|By: David Dayen Wednesday October 12, 2011 9:50 am|
Herman Cain’s 9-9-9 Plan is a flat tax dressed up in fluffier clothing. Every GOP Presidential nomination campaign since Reagan has had at least one flat-taxer: Jack Kemp in 1988, Steve Forbes in 2000, Mike Huckabee in 2008, and now Herman Cain. The plans have a simplistic logic to them until people realize it’s basically another scheme to redistribute wealth upward.
|By: Blue Texan Sunday January 2, 2011 12:00 pm|
On Friday, Hugh Hewitt provided a useful reminder of just how far right the right has swung by attacking cap-and-trade and the EPA — both conceived by Republicans — as sinister socialist plots. As if on cue, Greg Mankiw offers this bit of radical advice to President Obama.