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Political Factoid
"If they* were truly interested in 'pro-growth' debt reduction, they would insist the richest individuals and corporations, many of whom pay no taxes at all, start paying their fair share. They* would advocate taxing capital gains at the same rate as earned income and eliminating the carried interest exception.
"They* would recommend a tax on financial transactions and an end to tax breaks for shipping U.S. jobs overseas. They* would consider making it legal for the government to negotiate prescriptions drug prices for Medicate, Part D. They* would also support cutting our bloated defense budget.
"However, because they* represent those who benefit from such loopholes and spending, they* are opposed to these solutions.
"Instead, their recommendation for increasing revenue is to 'broaden the base' by requiring low-wage earners to state paying federal income taxes. And, they* want to cut 'entitlement' programs that benefit the neediest among us. It appears their goal is not as much about reducing the debt as continuing the decades-long wealth transfer to the top."
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anon. (around 2013-Jan)
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"They" must refer to the Heritage Foundation and similar scheme tanks.
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