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Political Factoid
Republican presidential candidate
Mitt Romney had a plan that
focused tax cuts for the rich,
while cutting taxes marginally
for the middle class.
- Maintain marginal rates at
current levels
(largely by making the Bush tax cuts permanent).
- Reduce or eliminate taxes on savings
and investments
(of which the lower classes have little or none).
- Eliminate the estate tax permanently*
(so as to preserve large collections of wealth).
- Pursue a "flatter,
fairer, simpler" tax structure
(that will reduce the progessiveness of the tax and
favor the corporations and wealthy investors even more).
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So that privileged families can stay that way,
e.g., families of Bill Gates, Sam Walton,
George W. Romney, Fred C. Koch, Frank C. Mars, etc.
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