World-News

Pat Garofalo, ThinkProgress: 'Republicans have proven time and again that they really love tax cuts for the wealthy, but completely eliminating the capital gains tax is nothing but a pure handout to the ultra-rich. At the moment, the richest 0.1 percent of Americans pay 44 percent of the capital gains tax, and 68.3 percent of the tax is paid by the richest 1 percent. The bottom 95 percent of Americans pay just 10 percent of capitals gains taxes. But the tax still brings in a substantial amount of revenue. Complete repeal, using data from the Congressional Budget Office, would cost about $1 trillion over 10 years.'

http://www.truth-out.org/five-gop-presidential-candidates-have-proposed-eliminating-capital-gains-tax-1-trillion-giveaway-ric



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=GOP
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=tax+cut
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Pat+Garofalo
-----