Left, Right and Wrong on Taxes

To meet the nation’s fiscal challenges, we need to refocus our economic activity — primarily with less reliance on consumption and more on investment and exports. The Bowles-Simpson plan to cut marginal tax rates and the corporate tax would help. But their proposal to treat capital gains and dividends, which are now taxed at favorable rates, as ordinary income would not; in fact, it would hamper saving and investment. And the proposed increase in ... Full Story »

Posted by Jon Mitchell - via Real Clear Politics, New York Times (Opinion), Fabrice Florin (f)

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Paul Keene
by Paul Keene - Nov. 16, 2010

This is not journalism, it's propaganda. It is all opinion with no effort made to cite sources or credit quotes. In addition there is no supporting evidence for any of the writer's assertions.

The writer makes many statements that are not true such as insisting that we are a welfare state or that the economy must pivot toward investment and exports to recover (how about the corporations that are sitting on piles of cash hire a few workers instead). Especially frustrating is that the reporter glosses over the fact that the commission wants to eliminate Social Security and other fully funded and solvent programs that are run with far less overhead than their privatized counterparts. I also find it infuriating that the rich again benefit with a 35% tax cut along with reduction on dividend and investment income whereas the middle class get a 20% decrease. Equating corporate tax rate with wage depression with no mention of corporate leader excesses is just plain misleading. All in all, I can't believe that theses kind of pieces are allowed to be reviewed here as "news articles".

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