“…Let’s talk about today.
In some ways, little has changed in our national debate over taxes.
Some folks who don’t need tax breaks still insist on them.
Take a certain Republican presidential candidate with several estates and a chauffeur or two, whose wife drives multiple Cadillacs, and who can afford to install an automobile elevator in one of his homes – shouldn’t he be paying his carriage tax?
President Obama isn’t actually proposing to harm those who gain the most from the Bush tax cuts.
The first $250,000 that the wealthiest earn is not subject to tax;-
- and despite what Mitt Romney and Republicans in Congress keep telling us about the small-business owner they are allegedly aiming to protect -
- analyst Robert Reich reports, and President Obama reiterates, that only 3 percent of small-business owners earn more than $250,000.
The other day, candidate Romney insisted that ending the Bush tax cuts for his wealthy buddies would be “another kick in the gut to the middle class.”
Meanwhile, of the 400 highest-income taxpayers, one-third paid an average rate of 15 percent or less in 2008.
They have plenty leftover to build new barns for their carriages…”
(cont..)
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