Pawlenty Economic Platform Includes Massive Tax Giveaways To The Rich And Corporations

http://thinkprogress.org/economy/2011/06/07/238282/pawlenty-tax-cuts-rich-corporations/

Republican 2012 presidential hopeful Tim Pawlenty is delivering an address in Chicago today where he will lay out his campaign’s official economic plan. Despite the fiscal woes that he left behind after his tenure as governor of Minnesota, Pawlenty has been banking on an economic message to help him in the GOP primary.

Pawlenty’s economic plan, according to excerpts from his speech that were released to the media, will include plenty of red meat for conservatives, including calling for the privatization of Amtrak. Pawlenty will also call for a massive slew of tax cuts:

We should cut the business tax rate by more than half. I propose reducing the current rate from 35% to 15%…On the individual rates we need a simpler, fairer flatter tax system overall. I propose just two rates: 10% and 25%. Under my plan, those who currently pay no income tax would stay at a zero rate. After that, the first $50,000 of income – or $100,000 for married couples – would be taxed at 10 percent. <...>

In addition, we should eliminate altogether the capital gains tax, interest income tax, dividends tax, and the death tax.

More at the link --