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At a bargain tax rate, too: only 10percentt.
It hardly seems unfair to ask those who already benefit from bargain tax rates on capital gains and dividends to share some of those gains with the government.
Similar(58)
That $100 decline, measured in 2007 dollars, understates what a bargain taxes have become.
Labour leader Jeremy Corbyn criticized what he called an implied threat to lower corporate taxes and turn Britain into "a bargain basement tax haven on the shores of Europe" in a bid to compete with the EU.
"The best way to do this is in the context of a grand bargain on tax reform," he said.
All four witnesses said Congress should devise a "grand bargain" involving tax and entitlement changes to reduce deficits by $4 trillion over 10 years.
But the White House was not alone late last year in believing that a group called Campaign to Fix the Debt — the biggest and best-financed mobilization of corporate clout in lawmakers' memory, with more than 150 chief executives and $46 million — could create pressure for a bipartisan grand bargain of tax increases and entitlement program reductions to stabilize the federal debt.
The outline of this "bargain" involves "tax reform" and "getting a handle on entitlements".
Though President Obama on Friday warned of the dire economic effect of the sequester's "dumb and arbitrary" spending cuts, his solution is a broader deficit-reduction package, a "grand bargain" of tax hikes and spending cuts.
If you want the G.O.P. to agree to a grand bargain on taxes, make it clear that you're as willing to raise taxes as they are (or at least as Paul Ryan and the House Republicans are) to cut entitlements.
Without this bargain, income taxes on the middle class would rise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com