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View Diary: Ten years of borrowing paid for the Bush tax cuts (83 comments)

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  •  Here you go (1+ / 0-)
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    Angie in WA State

    It's not the final deal, but sounds at least close to what the end proposal will be.

    http://www.nasdaq.com/...

    Under what is known as the "Gang of Six" plan, individual tax rates would be lowered, with a top rate of 29%, while a single corporate rate would fall to somewhere between 23% and 29%, according to two drafts of ideas under discussion. Aides cautioned that the drafts didn't represent details upon which the entire Gang of Six had agreed.

    •  And those rates eliminate (0+ / 0-)

      the capital gains rate of 15%.  So, if Joe Investment Class is paying 15% on some of his income, and that goes to 29%, I'm pretty happy with that.

    •  Dow Jones, ugh. (0+ / 0-)

      Article doesn't mention that the G6 plan proposes cutting tax loopholes for a net gain in revenues, except to quote Ron Wyden saying one of those loopholes might be the mortgage interest deduction.

      "This world demands the qualities of youth: not a time of life but a state of mind[.]" -- Robert F. Kennedy

      by Loge on Wed Jul 20, 2011 at 11:21:19 AM PDT

      [ Parent ]

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