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Republican Presendential Candidate Wants Tax Cuts

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This Pawlenty could go far.

Pawlenty’s $11.6 trillion tax-cut plan, which reduces rates on income, capital gains, interest, estates and dividends, is almost three times larger than the proposals endorsed by House Republicans.

Compared with current tax policy, 63.6 percent of U.S. households would receive a tax cut, with most of the remainder experiencing no change. Almost half of the benefits would flow to taxpayers in the top 1 percent of income distribution, or those earning more than $593,011 in 2013. “It’s heavily weighted toward benefits for the wealthy, giving big tax cuts for the wealthy, and it makes the tax system much less progressive,” said Roberton Williams, a senior fellow at the Tax Policy Center in Washington, which conducted the analysis and released it today

http://www.bloomberg.com/news/2011-06-10/pawlenty-to-give-richest-a-1-4-million-tax-cut.html

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This Pawlenty could go far.

I guess the wealth will "trickle down" like in the French Revolution! :huh:

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I would like to see the Repubs put Allen West through as presidential candidate and Ron Paul as VP.

West is black, so will split the black/non-white vote, who would otherwise vote on mass for Obama. Cant see the repubs winning unless they have a non-white Presidential candidate, thats just the way it is now. He is also strongly opposed to Islam (though unfortunately like every other candidate puts Israel first)

Paul obviously because of his understanding of the money system.

Theyll probably go for Romney though, even if he is a moron mormon he has the presidential 'look' which is obviously most important to most americans.

Edited by Sadman

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He is also strongly opposed to Islam (though unfortunately like every other candidate puts Israel first)

At least he is honest about it unlike the Democrats.

However, I like Ron Paul, who wants to cut back on the military and not to go around the globe interfering with other countries' business.

Edited by Take Me Back To London!

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In surprising news, tax cuts primarily benefit those who pay the most tax.

And we want to benefit them because?

They need more money?

They pay the most campaign contributions?

We desperately need more investment in 'innovative' financial 'products'?

We need to create more jobs in China and India?

:lol::lol::lol:

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And we want to benefit them because?

When you cut taxes, who do you think is going to benefit the most? The people who pay lots of tax or the people who pay little or no tax?

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When you cut taxes, who do you think is going to benefit the most? The people who pay lots of tax or the people who pay little or no tax?

Are you serious? Do you understand how progressive tax systems work? Put it another way - who do you think would benefit most from a reduced tax burden (and, incidentally, benefit the economy) - those who are rolling in money, or those with little disposable income?

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When you cut taxes, who do you think is going to benefit the most? The people who pay lots of tax or the people who pay little or no tax?

Where is the evidence that low taxation at the top leads to increased prosperity overall? If anything the wealth gap is growing ever wider.

Greed is destroying the US as a relative handful of people seek to gather all the wealth to themselves- it's stupid and in the end self defeating,if your 'wealth' consists of a stack of leveraged IOU's that will never be paid off because you sucked the life out the economy that was going to provide the payment.

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I was impressed with Tim Pawlenty's plan he just released. He proposes cutting the corporate tax rate from 35% to 15%. Larry Kudlow mentioned that would be a take home increase of 40% overnight for small business people. What a great incentive to start your own little company.

Targetting 5% gdp growth is also brilliant imo.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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