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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.