{"id":834,"date":"2012-12-04T20:27:48","date_gmt":"2012-12-05T02:27:48","guid":{"rendered":"http:\/\/www.nathanhunstad.com\/blog\/?p=834"},"modified":"2012-12-04T20:29:59","modified_gmt":"2012-12-05T02:29:59","slug":"thats-a-tax-plan","status":"publish","type":"post","link":"https:\/\/www.nathanhunstad.com\/blog\/2012\/12\/thats-a-tax-plan\/","title":{"rendered":"That’s a tax plan!"},"content":{"rendered":"

The Center for American Progress (CAP) came out with a tax plan<\/a>. And it\u2019s a pretty darn good one! It\u2019s actually fairly close to a plan I\u2019d support<\/a>. It raises the top bracket to Clinton-era levels, it caps deductions, it increases the capital gains tax and the tax on dividends, it gets rid of the AMT, and it taxes cigarettes, alcohol, and newly-legalized internet gambling (something I would dearly like to be able to do<\/a>). This is exactly the kind of tax reform that Obama should support.<\/p>\n

So what\u2019s wrong with it? David Frum actually has a very good insight<\/a> into what the tax battle is on the Republican side today: it\u2019s about the merely rich versus the super-rich. The merely rich would have higher taxes under the CAP plan, \u2018tis true, but the super rich would have much<\/em> higher taxes. The super-rich seem willing to toss those below them beneath the wheels of the bus to save their own skins, which is not altogether surprising.<\/p>\n

I have little faith that this tax plan will be implemented, but this would be a great starting point for Democrats in Congress.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Center for American Progress (CAP) came out with a tax plan. And it\u2019s a pretty darn good one! It\u2019s actually fairly close to a plan I\u2019d support. It raises the top bracket to Clinton-era levels, it caps deductions, it increases the capital gains tax and the tax on dividends, it gets rid of the… Continue reading That’s a tax plan!<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[116],"class_list":["post-834","post","type-post","status-publish","format-standard","hentry","category-politics","tag-taxes","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t