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That did investing. provide company with start up capitol. existing company with capitol to grow and this type of tax rate will hurt the economy. destroy jobs and ultimately result in less revenue from the federal government. i think what you point out a lot of people don t ups this you look at the tax rate you pay on passive income. 15 percent capitol gain. that money that is earning l and paying tax that you are paying tax on was already taxed when it was aadrawing in the first place. absolutely. it s a form of double taxin taxing. the president position is let s have a tax rate that is more fair. that is more equityable but didn t the problem it s the entire tax structure because of all of the 67,000 pages that we had a code that nobody including the irs understands. wouldn t it be better to have a flat task. slawchlt obama doesn t care about that. he wants the 99 ....
I think we have a chart of them, that will give a huge tax breaks to the top 1%. i think newt gingrich has one that will give the average millionaire a tax break of $650,000 in 2015. yet there s no dialogue about sort of where that money comes from. i wonder what you make of the current field, vis-a-vis, struggles going on in the hill right now. i will try to be succinct in my answer. first of all, these tax proposals coming out of candidate for president, in most places where they want to lower the top rate, the scoring is based on what you would lower. it doesn t talk about filling or eliminating the loop holes pb w be if you eliminate loop holes and make taxes flatter, but absolutely without the kind of escapes that have fwon on, certainly hedge funds, being able to use their carried interest to consider something a long-term capitol gain, is a loophole that needs to be filled. there is plenty of that. p in fact we might get the top ....
- money. some ages cut 60 percent and some 30 percent. the same across the board, no, that s not how you get there. you take agency by agency and look for those cuts and some will be bigger than 40 percent. since we last talked you put out an economic plan that will put america back to work and based on cutting regulations and lowering taxes. you would lower the top individual and corporate tax rate to 25 percent and no taxes on capitol gains. you are talking about doing something about the debt. eliminating capitol gain taxes would add one trillion to our deficit over the next. that is the analysis. if you do the analysis. it does not add one dollars. ....
Entrepreneurs we ll do what i ve been advocating since i ran for president which is to eliminate capitol gain taxes entirely for key investments in small businesses. last night after a series of partisan delays the senate took an important step forward by supporting a lending fund in the overall small business jobs bill. i want to thank senators mary landreux and george lemeux. i was heart end that two sepb senators crossed party lines to help pass the provision last night. i hope we can finish the job and pass the small business jobs plan without delay and without additional partisan wrangling. the small businessmen and women who write to me every day and the folks who i ve met with across this country, they can t afford any political games. they need us to do what they ....
You take agency by agency and look for those cuts and some will be bigger than 40 percent. since we last talked you put out an economic plan that will put america back to work and based on cutting regulations and lowering taxes. you would lower the top individual and corporate tax rate to 25 percent and no taxes on capitol gains. you are talking about doing something about the debt. eliminating capitol gain taxes would add one trillion to our deficit over the next. that is the analysis. if you do the analysis. it does not add one dollars. a capitol tax is a wall between people with money and people with ideas. ideas create new businesss and new businesses create jobs because small businesses have ....