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Fewer people will actually pay tax at that rate. Now, let me tell you what else they want to do. They want to nearly double the standard deduction. 12,000 for individuals. 24,000 for married couples. Thats the justification for raising the lowest tax rate from 10 to 12 that a whole lot of people arent actually going to pay for. The plan also calls for the elimination of the socalled marriage penalty. Raising the tax credit for a child under 17 by a yet to be specified amount. And look for a new 500 tax credit for nonchild dependents. That replaces the idea that you can actually otherwise claim nonchild dependents. In addition, the plan calls for repealing the estate tax. What a lot of republicans call the death tax. This benefits generally speaking the wealthy. It also repeals the Alternative Minimum Tax. At lot of you might say i pay the Alternative Minimum Tax ....
jackie spear of california, thank you for being with us. great to be with you. okay. let s just talk about that swipe at you. was that some sense of how roger stone acted behind closed doors in the committee? well, first of all roger stone is the premier showman. he put on his serious blue suit, showed up at the committee and was subject to the interview and did a very good job, was very serious. no pomp and circumstance. no unfurling of invective. and of course he went out afterwards and went back to the roger stone we know and some love and some boent. but let me just say this. he s writing a book on how a gentleman should dress. he might want to read a book on how a gentleman should act. hear hear. well, there you have it. besides fashion and manners, what d you get down to in there? what was most interesting to me was the fact he just comes out, flat out says he doesn t ....