More progressivity means more progress. Especially after 2008. That’s the Democratic tax philosophy seven autumns after the financial crisis. Voters are still frustrated by the arbitrary quality of the rescues and the uneven quality of the recovery. So Hillary Clinton proposes increases in capital-gains-tax rates for top earners. Clinton’s former fellow candidate Lincoln Chafee offered to raise the top marginal income tax rate to 45% from the current 39.6%. You can bet Bernie Sanders’s plan, when it comes, will redistribute even more dramatically.
Republicans by contrast are heading toward the very un-progressive flat tax. The simple levy hasn’t been this popular since 1996, when Steve Forbes campaigned with the promise of a universal 17% income tax rate. Several of this campaign’s flat taxers are actually out-Forbesing Forbes. Ted Cruz is calling for a flat 10%. Ben Carson, Mike Huckabee and Rand Paul also propose some kind of flat rate. Jeb Bush, Marco Rubio and Donald Trump pay their respects with plans that reduce the number of tax brackets.
Republicans—who are headed into yet-another televised debate tonight—are aware that voters feel rooked since 2008. But GOP candidates believe that even today voters don’t equate redistribution with fairness. And they are betting that voters desire a trustworthy government more than an arbitrary one.
http://time.com/4107231/flat-tax/
"proportionality"....... 10% of $10 is $1 and 10% of 1 B is $100 MM. Dr. Carson had to give a math lesson to the liberals. What is more far than the same proportion? Carson had to give them a lesson on that too.
Republicans by contrast are heading toward the very un-progressive flat tax. The simple levy hasn’t been this popular since 1996, when Steve Forbes campaigned with the promise of a universal 17% income tax rate. Several of this campaign’s flat taxers are actually out-Forbesing Forbes. Ted Cruz is calling for a flat 10%. Ben Carson, Mike Huckabee and Rand Paul also propose some kind of flat rate. Jeb Bush, Marco Rubio and Donald Trump pay their respects with plans that reduce the number of tax brackets.
Republicans—who are headed into yet-another televised debate tonight—are aware that voters feel rooked since 2008. But GOP candidates believe that even today voters don’t equate redistribution with fairness. And they are betting that voters desire a trustworthy government more than an arbitrary one.
http://time.com/4107231/flat-tax/
"proportionality"....... 10% of $10 is $1 and 10% of 1 B is $100 MM. Dr. Carson had to give a math lesson to the liberals. What is more far than the same proportion? Carson had to give them a lesson on that too.
