Republican tax chairman: Reduce taxes for the richest Americans

[CLANG]

Source: Raw Story

Congressman Dave Camp (R-MI), the chairman of the House Ways and Means Committee, said he hopes to cut the tax rate for the richest individuals and corporations to 25 percent to help spur job growth.

The top U.S. tax rate has been 35 percent for both individuals and corporations since 2001, when President George W. Bush pushed for tax cuts. The previous rate, which President Barack Obama has proposed the US returns to, was 39.6 percent.

"There is no doubt that today’s tax code is too complex, too costly and takes too much time to comply with," Rep. Camp, who heads the House committee charged with writing tax legislation, said in a statement. "Add to that the unpleasant reality that America will soon have the highest corporate tax rate in the world, and it is no wonder that the current economic recovery has been far more muted than in past recoveries."

Along with Senate Finance Committee Chairman Max Baucus (D-MT), Rep. Camp has directed the Joint Committee on Taxation (JCT) to investigate ways the Congress can enact comprehensive tax reform.

Read more: http://www.rawstory.com/rs/2011/03/17/republican-tax-chairman-reduce-taxes-for-the-richest-americans/

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UNREAL!!!!!!!!!!!!!!

[Matariki]

1. Because that's been working SO well the past decade.

Seriously, Dave Camp needs to take his head out of his ass.

[Phlem]

9. edit

decade = decades

:)

-p

[applegrove]

2. They are parasites. Give 25% and they'll then want to take it down to

what it is in Ireland (15% I think) because of the competition, you know. And that worked really well for Ireland didn't it!!!

[Beartracks]

3. If cutting taxes for the rich spurs economic growth...

... how in hell did we even enter into a recession in the first place?

Oh, I see -- it just spurs their bank balance growth. That seems to be the only economic activity they see.

----------------

[onehandle]

4. "We don't pay taxes. Only the little people pay taxes..."

[Downwinder]

5. Eliminate corporate taxes. Outlaw Corporations.

[CLANG]

6. I thought they were so concerned about the budget deficit?

And where are all the FUCKING JOBS!!!:grr:

[Auntie Bush]

12. Jobs! What jobs? Who needs Jobs? We just need Corporations!

Then we'll raise taxes on the middle class to help balance the budget.

[Angry Dragon]

7. camp is an idiot and a repulsive snake fart

nothing lower than a snake fart

[Phlem]

10. mole fart?

just throwin that out there.

-p

[Angry Dragon]

13. It was a good throw

snakes do eat moles so it could smell like a mole

[Dont_Bogart_the_Pretzel]

8. He thinks today’s tax code is too complex??? The don't do taxes...

they have TONS of loopholes!!

I don't understand why all the cry babies out there wanting to give their masters tax breaks all the time.

The thing about it is all the loopholes are legal!

[TomCADem]

11. I Bet Roger Ailes Is Getting The Call To Start Organizing Some Tea Party Support

If the Log Cabin Republicans can demand that DOMA be defended, why not have the Tea Party demand that the very rich get a free pass.

[Sirveri]

14. Lower than Reagan... He only took it down to 28%...

[Historic NY]

15. The tax cuts they already got have only lead to hoarding & little or no job creation.

[provis99]

16. odd word associations...

I read this article and suddenly I'm thinking the words guillotine and french revolution.