- Two Students Suspended For Displaying Confederate FlagPosted 13 hours ago
- Bullet Points: DOJ To Explore Idea of Gun Tracking Bracelets?Posted 20 hours ago
- Man Arrested For Leaving Hoax Device Near Boston Marathon Finish LinePosted 20 hours ago
What The Tax Fight Is All About: The Top 1%
Citizens for Tax Justice broke it down:
CTJ looks at the numbers from a baseline that assumes all the Bush tax cuts will expire at the end of the year. From that perspective, Obama and the GOP are both proposing large tax cuts — Republicans just want much larger ones for the very wealthy.
But the baseline doesn’t really matter. As you can see, for 99 percent of taxpayers, there’s almost no bottom-line difference between what the GOP is proposing and what Obama’s proposing.
The entire fight is over how much the top one percent of earners should pay in taxes.