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View Diary: Daily Kos Elections Morning Digest: 9/19 (115 comments)

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  •  On GOpers already playing the "class warfare" card (3+ / 0-)
    Recommended by:
    commonmass, LordMike, MichaelNY

    on the Buffet plan, IF Obama and Democrats stick to the concept of "tax fairness" it could be a winning strategey. Just have charts showing relative REAL tax rates by brackets and careers (say $25,000-50,000,
    50,000-100,000, 100,000=250,000, 250,000-1,000,000, 1,000,000 +. Even teabaggers might be taken aback.

    •  And, there's little understanding here (3+ / 0-)
      Recommended by:
      MichaelNY, The Caped Composer, TofG

      Just looking at "earnings" from salaries and bonuses isn't even half the picture.  Our government is losing just so much "income" because of the loopholes so encumbered in our tax system.  And, many different types of income for the wealthy is taxed in many different ways at many different rates.  

      All of that has to be considered.  All of that has to be changed and be made more equitable.  Otherwise, just looking at one source or just a small portion of sources won't change things much.  The wealthy have many resources they can call upon to come up with ways to "hide" income and to keep much of their accumulated wealth from being taxed as they accumulate it.  

      It's going to take a very bold, beholden-to-none approach here...otherwise, it's all going to be just good political mumbo-jumbo that sounds good but accomplishes very little.

      - If you don't like gay marriage, blame straight people. They're the ones who keep having gay babies.

      by r2did2 on Mon Sep 19, 2011 at 07:15:21 AM PDT

      [ Parent ]

    •  Like I indicated in the thread above this, (0+ / 0-)

      I'm starting to think this is purely political. I mean, I have no doubt that he would sign such a new bracket into law if it was passed, but I would be surprised if he thinks it has much chance of passing.

      I don't want to get too much into policy here, but I happen to think the best tax plan from a policy stand point and from a political stand point is a progressive consumption tax, perhaps combined with some sort of payroll tax cuts that replaced the lost revenue with uncapping the income level and/or with bigger pollution taxes. My impression is that we can shift the burden of financing the government upwards while improving the incentives for those at the bottom to save and invest. It's more of a long-term thing, but then, a tax reform package that is better for the long-term paired with some shorter-term spending, like that on infrastructure, would probably be a good thing.

      I'd LOVE LOVE LOVE for the Obama campaign to propose something like this, but I wonder when it might happen. Since I am not sure that anything might pass, perhaps they are waiting for when the campaign is in full swing.

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