Page 4 - Progressive Tax Code News Today

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The right and left. they say you are playing the obama class war game. santorum says you are using the language of occupy wall street making life more difficult and the rules different for the top 1%. how do you respond to that. >> we have a progressive tax code right now. what im talking about is pretty significant reductions in tax across the board. the reason im talking about those marginal tax rate reductions is create incentives for small businesses to start hiring again. im not trying to s...

A -->> but there are -- >> but there are sacred cows in there. thats why people shy away from it. if people want meaningful reform, go for something in the works that has bipartisan support. that could gets through. >> its still progressive. karl marx advocated for progressive tax code where the rich pays more. thats what the left wants. >> this is bipartisan. this is a bipartisan bill. the fair tax proposed by linder, fair tax is progressive on the middle class and regressive on the wealthy. >>...

>> unproductive. >> you know, look, jonathan is partially right on this thing. theres noggthing inherently wrong with the progressive tax code. you pay some tax at the low level and right now that bush tax cut was unaffordable and it was unaffordable not just for people under $250,000, it should have been reversed after that last recession or have serious spending cuts to pay for it. neither happened. it needs to go away for everybody, not just the rich. we cant cut spending. thats the bottom li...