2012 March 14
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Most of the Republican candidates for president have published their tax reform policies. Unfortunately, they reflect Republican orthodoxy on tax policy much of which does not appear to be valid based on trends over the past 30 years. Moreover, the tax policies have greatly contributed to income inequality over this time period.
President Obama and the Democrats will likely win the argument on
fairness, because the facts are on their side. For the same reason,
they will likely win the argument that tax policy has contributed to the
large income inequality that has occurred over the last 30 years.
The
continuation of this post discusses aspects of the Republican orthodoxy that need to be examined and validated. If not valid, the tax policy should be revised to provide competitiveness for business and fairness for taxpayers.
Don Nordeen
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Letter to Republican Presidential Candidates re Tax Policy.
- Key Words: economy, tax policy, income inequality, corporate tax, personal income tax
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