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applegrove

(118,666 posts)
Thu Oct 24, 2013, 11:17 PM Oct 2013

"Liberal group rolls out tax plan"

Liberal group rolls out tax plan

By Bernie Becker at the Hill

http://thehill.com/blogs/on-the-money/domestic-taxes/330299-liberal-group-rolls-out-tax-plan

"SNIP..................................



Citizens for Tax Justice, a group which played a big role in the 1986 tax reform effort, rolled out a plan Wednesday that would raise some $2 trillion over a decade.

To get to that figure, the group calls for, among other things, rolling back the preferential tax treatment of capital gains and dividends. Instead, CTJ calls for a top rate of 36 percent for ordinary and investment income.

CTJ also proposes ending deferral, the provision that allows multinational corporations to push off paying taxes on offshore income until they bring the profits to the U.S.

Republicans and business groups also want to end deferral, but want to instead shield most offshore income from taxation.



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"Liberal group rolls out tax plan" (Original Post) applegrove Oct 2013 OP
The only thing missing is.... upi402 Oct 2013 #1
C'mon, both of these ideas have been brought up and supported. If we take over the house okaawhatever Oct 2013 #2
lol, where have I been? upi402 Oct 2013 #3
I don't know. Do you need an alibi? I've got your back. I saw you there, you were with me. lol okaawhatever Oct 2013 #4

okaawhatever

(9,462 posts)
2. C'mon, both of these ideas have been brought up and supported. If we take over the house
Fri Oct 25, 2013, 12:53 AM
Oct 2013

in 2014 let's see if we can make it happen. Anything at this point that hurts corporations the gop will kill in the house.

okaawhatever

(9,462 posts)
4. I don't know. Do you need an alibi? I've got your back. I saw you there, you were with me. lol
Fri Oct 25, 2013, 01:20 AM
Oct 2013

Both topics came up with the big tax budget. The 5% increase in the cap gains tax was sort of a best u can do for now scenario Obama

May 2009 Obama seeks to end Corporate Tax Break to raise $1980 Billion

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4.7CIfqd5h0

September 2011 (this includes a few more things he wanted to get)

http://mobile.reuters.com/article/topNews/idUSTRE78B6SH20110912

The most recent, and most telling is from an article in July of 2013 by Ezra Klein

The difference between the White House and the House Republicans is how they spend the money. House Republicans use it to further lower corporate tax rates -- a move the White House considers irresponsible, as that's one-time money being put toward a recurring cost, and it'll open up a deficit hole in the future. The White House wants to use the money to finance a bunch of one-time investments in job creation, including a $50 billion infrastructure surge -- a move Republicans consider anathema, as it's a tax increase that's going toward new spending

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/30/this-weird-little-policy-is-the-key-to-obamas-grand-bargain-on-jobs/

FWIW, I recently read that corporate America had spent one billion dollars lobbying congress about the tax code. That's Billion, dollars.

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