Rubio/Lee Tax Reform Bill : A Middle Class Helping Hand

Sound like a plan - it benefits the 'middle class' that the progressive democrat proclaim to have always be on the side of those that have to carry the water for everyone else. This bill is something that the democrats can support if they are really serious about who the claim to be and who the say they support.

But if history is any indication for the present and the future, we know the democrats are lying about the 'middle class', they don't now or in the past have ever cared what happened to the 'middle class' citizens as long as they were kept stupid enough to vote for them.

The bottom line is the democrats are all about the democrats and how they gain power, even if they have steal it from uninformed and the brain dead.

Need more proof - Mr Obama how is threatening to raise taxes with an executive order. What this does is guarantee a Constitutional crisis in America. This is the meaning of being a democrat and explains who they are.

Rubio-Lee Tax Reform Plan: Good but could be Better
Source: Daniel J. Mitchell, "Grading the Rubio-Lee Tax Reform Plan," Cato Institute, March 4, 2015.

March 6, 2015

Senator Marco Rubio (R-FL) and Mike Lee (R-UT) recently introduced the Economic Growth and Family Fairness Tax Reform Plan in an effort to incrementally reform the U.S. tax system. The plan is not without its problems.

To begin with, the top tax rate will be 35 percent, down only from 39.6 percent. Even worse, the 35 percent tax rate will be levied against any taxable income above $75,000 for single tax payers and $150,000 for married taxpayers. As a result, a significant number of taxpayers will face higher marginal tax rates.

On the bright side, Rubio and Lee's proposal does include attractive pro growth features. They include:

• The corporate tax rate will be reduced from 35 percent (The second highest rate in the world) to 25 percent;
• Elimination of the capital gains tax, the double tax on dividends and the second layer of tax on interest;
• Elimination of punitive deprecation rules that force businesses to overstate their income in ways that discourage new business investment;
• Elimination of the death tax;

Under the Rubio-Lee plan, the economy could grow faster, more jobs will be created and workers could enjoy higher wages.