Friday, March 27, 2009

Nothing new: Same plan, same strategy, same party.


And same players if I might add: Boner and Britney [Cantor].
Under the catagory of creating jobs in the GOP Road to Recovery plan,
the top marginal tax rate would be slashed from 35 to 25 percent, facilitating a dramatic transfer of wealth up the economic scale. Anyone making more than a $100,000 would pay the top rate; those under would pay 10 percent. Here is the excerpt:

"Republicans propose a simple and fair tax code with a
marginal tax rate for income up to $100,000 of 10
percent and 25 percent for any income thereafter, with a
generous standard deduction and personal exemption.

Republicans would allow any individual or family
satisfied with their current tax structure to continue to
pay those rates, while dropping the two lowest rates by 5
percent to provide every taxpayer with a tax cut.

Republicans would also permanently fix the Alternative
Minimum Tax (AMT) so that millions would no longer
have to fear the possible imposition of a huge, new tax
each year.

Republicans believe that the tax code should not penalize
savings and thrift, especially in a period of economic
turmoil. Our plan would lower the capital gains tax and
loosen restrictions on various savings vehicles in order for
individuals to catch up and replace losses from the
market.

Republicans also propose a new tax deduction that allows
businesses with less than 500 employees to take a tax
deduction equal to 20 percent of their income, ensuring
that these engines of growth will continue to fuel our
economic recovery and companies can compete with their
foreign counterparts, while keeping jobs here at home.

Last but not least, Republicans would ensure that no
taxpayer pays more in taxes as a result of various tax
increases scheduled to occur, whether it be the return of
the death tax, the marriage penalty, or higher marginal
rates."
On a side note: White House spokesman Robert Gibbs had some fun with The Party of No detail-free budget alternative during his on-camera briefing with reporters yesterday.
QUESTION: ... House Republicans unveiled what they described today as their alternative to the president's budget. I wonder if anyone here has had a chance to brief you on that on -- if you're aware that it doesn't actually contain any numbers.
GIBBS: I did -- I -- it took me several minutes to read it. (LAUGHTER) I will note that ... there's one more picture of a windmill than there is of a chart of numbers. There's -- just for your knowledge, there's exactly one picture of a windmill.
And yes, there was ONE picture of a windmill (p. 11)[lol]. However, there were more pictures of cute kids (see p. 6, p. 17) and quotes from British people (see p.7) in the lolpublicans plan than there were charts of numbers.

1 comment:

airJackie said...

I love Gibbs he is the best and he reads too. Something never done in the pass 8 years by a Press Secretary. I just might ask for a meeting with a cup of coffee.