Tax Reform Plan : Rubio/Lee - What? (Who Knew?)

I guess it's a good start, but if anyone that's awake will not know anything about it as the main stream media will do everything in their collective power to make sure that only the progressive democrat narrative is front and center, and that the Republicans and Conservatives have no plan to fix our economic problems that the democrats are responsible for in the first place.


To believe tax reform came even be discuses in this administration is nonsense.








The fact that Paul Ryan has proposed several plans over past years is lost in the media blitz for our dear leader's ideology of income redistribution, that is, taking from the productive and giving to the unproductive. This is the socialists dream for equality. The fact that redistributions of wealth has always resulted in abject failure, no mater where it's instituted, is of no concern to the democrats.


The agenda and ideology of the progressive is, and always has been, to gain control of the population by those in power that know what's best for everyone, and if you disagree, you will find yourself under attack from some member agency like the IRS and or the DOJ to get your head straight or be destroyed.


No? hmmmm  What exactly happen  to the Conservative organization called "True The Vote"? Reform? Welcome to the real world of progressive socialist liberal democrats.








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.