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View Diary: Warren Buffett's latest op-ed will bring mutters of 'class traitor.' But he doesn't go far enough (117 comments)

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  •  Start with The peoples budget which.. (13+ / 0-)

    ..lines up well with Emmanuel Saez and Thomas Piketty recommendations (except higher rates in the top marginal tax brackets - would be even better start) Overview of the Peoples Budget

    Individual Income Tax Policies
    • Allow the Bush-era tax cuts to expire at the end of 2012, but extend marriage relief, credits, and
    incentives for children, families, and education
    • Immediately rescind the upper-income tax cuts in December’s tax deal
    • Index the AMT for inflation for a decade (the AMT patch is fully paid for)
    • Schakowsky millionaire tax rates proposal (adding 45%, 46%, 47%, 48%, and 49% top rates)
    • Tax all capital gains and qualified dividends as ordinary income
    • Progressive estate tax (Sanders’ estate tax, repeal of Kyl-Lincoln)
    • Limit the rate at which itemized deductions can reduce tax liability to 28%for high earners
    • Replace the tax exclusion for interest on state and local bonds with a subsidy for the issuer
    corporate reform and much more is covered next
    After a year of GOP repeatedly claiming that the Dems had no budget. Here it is -where it's always been, not in the forefront
    Lets put it there, no matter what the republicans say or do. Bring the Peoples Budget front and center - repeat.
    technical analysis by Economic Policu Institute

    mini-rant - done now

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