Gastonia, NC Correspondent-The current Republican tax bill is the biggest batch of big-business sops, sham “benefits” for the middle class that will end up costing them and social engineering camouflaged as financial policy ever put forth. The GOP is trying to foster its spurious “business-first” agenda by giving gigantic tax breaks to corporations and the wealthy, while stripping the middle class of things like the state and local income tax deductions. Yes, there’s a short-term tax cut for the middle class, but that will expire…and the loss of the deductions won’t. Continue reading
Symposium 2011: What rates would you propose for the personal income tax, the corporate tax, capital gains & dividends? Should we abolish the death tax? Which tax credits and deductions, if any, would you keep? Do you support Obama’s proposal to extend the 2% payroll tax holiday for another year?
RMC: This is a real simple one for me. Zero percent for personal income tax, 0% corporate tax, 0% capital gains and dividend taxes. Yes, we should get rid of the estate tax or the death tax. Mortgage interest deductions. And, finally, no we should not extend the 2% payroll tax holiday. Continue reading