Tag: Tax Policy Center

By William McBride The Tax Policy Center (TPC) has a new paper that claims Mitt Romney’s tax plan necessarily leads to lower taxes on high-income earners and higher taxes on everyone else: Mitt Romney “Our major conclusion is that a revenue-neutral individual income tax change that incorporates the features Governor Romney has proposed – including reducing marginal tax rates substantially, eliminating the individual alternative minimum tax (AMT) and maintaining all tax breaks for saving and investment – would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers. This is true even when we bias our assumptions about which and whose tax expenditures are reduced to make the resulting tax system as progressive… View Article

It’s so often a lack of information that keeps us from getting involved. The Foundation is doing for the public what many could not do for themselves. Anytime that we’re given the truth, people can make good decisions.

Deen Day Smith, Chairman of the Board, Cecil B. Day Investment Company more quotes