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View Diary: Potential Compromise: Raising Top Tax Rate to Something Less than 39.6%(and this is not acceptable) (26 comments)

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  •  Close the Capital Gains Loophole (6+ / 0-)

    I could go with a lower top rate as long as we tax Capital Gains as ordinary income.

    Republicans say they want to close loopholes. Fine. Make them justify the Capital Gains Loophole.

    It is important that we frame it like that and say it like that, "Capital Gains Loophole", or better yet, "Unearned Income Loophole".

    Even if we don't get a higher CG rate, just putting it on the table should scare Republicans into line.

    •  We need an "all of the above" approach (0+ / 0-)

      The top marginal tax rate should increase, AND we should also scuttle nonsensical loopholes such as the "unearned income bonus" and the "carried interest giveaway" for rich finance guys. In addition, we should squelch "corporate welfare for rich corporations," especially those that run counter to our national interest, e.g., dirty energy companies, and institute a tax for corporations that ship jobs to other countries for the express purpose of exploiting the desperately poor. AND, on the spending side, we should call a halt to excessive funding for the so-called defense industry. That should do it.  

      “Social Security has nothing to do with balancing a budget or erasing or lowering the deficit.” -- Ronald Reagan, 1984 debate with Walter Mondale

      by RJDixon74135 on Sat Nov 17, 2012 at 03:05:14 AM PST

      [ Parent ]

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