Republican Jeb Bush to propose personal, corporate tax cuts

[Eugene]

Source: Reuters

Politics | Tue Sep 8, 2015 8:42pm EDT

Republican Jeb Bush to propose personal, corporate tax cuts

WASHINGTON | BY STEVE HOLLAND

Republican presidential candidate Jeb Bush is proposing broad tax cuts for individuals and corporations as part of a plan to trigger stronger U.S. economic growth if he is elected in November 2016.

Bush laid out key elements of his tax overhaul framework in an opinion article posted on Tuesday for the Wall Street Journal, a day before he gives a speech outlining his plan in North Carolina.

With his tax plan, Bush showed how he was attempting to court Republican voters with serious policy ideas at a time when attention has been focused on brash New York billionaire Donald Trump.

The former Florida governor would cut the corporate tax rate to 20 percent from 35 percent, reviving a long-sought Republican effort to reduce rates on corporations in order to devote more money to job creation.

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Read more: http://www.reuters.com/article/2015/09/09/us-usa-election-bush-idUSKCN0R82TW20150909

[mindwalker_i]

1. Another Bush, another set of tax cuts

Sado-equine necrophilia

[newfie11]

2. Along with cutting SS.

[tblue37]

3. Look at what such tax cuts have done to our economy here in Kansas. nt

[hatrack]

4. Wow, what a shock

I could never have predicted this policy move . . . .

[Octafish]

5. Trickle Down has bankrupted the nation and created a class richer than Croesus.

It's become the Buy Partisan approach, unfortunately.

[kelliekat44]

6. It's not "trickle down." It's "piss down" economics. They want us all in the toilet except for

their white privileged selves.

[flpoljunkie]

7. Vox's Dylan Matthews points out Jeb does not specify thresholds for his 10, 25 and 28% rates

The distributional impact of the plan is also hard to judge. The cut to the top rate means that the rich will almost certainly pay considerably less, and the increase in the standard deduction and increase in the EITC suggest that low-income taxpayers will pay less as well. But it's unclear if people in the middle will gain from the rate cuts on average, especially because as of this writing, Bush hasn't specified the thresholds for his different rates. If someone current in the 15 percent bracket were thrown by Bush into a 25 percent bracket, they could very well wind up worse off.

More here...
http://www.vox.com/2015/9/8/9285421/jeb-bush-tax-plan

[TeamPooka]

8. Sit down Jeb, Donald's talking. lol nt