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View Full Version : Michele Bachmann introduced legislation to stop the massive tax increase Jan 1st




free1
12-16-2010, 04:37 PM
This needs support, write those congress critters!

http://www.thecypresstimes.com/article/News/National_News/BACHMANN_INTRODUCES_LEGISLATION_TO_END_TAX_UNCERTA INTY/37632

12/16/2010
End Tax Uncertainty Act of 2010 (H.R. 6522)
http://www.govtrack.us/congress/bill.xpd?bill=h111-6522

"Bachmann’s legislation also repeals the death tax and gift tax, prevents tax increases on the maximum tax rate for capital gains and dividends income for all Americans, permanently patches the Alternative Minimum Tax and reduces the corporate tax rate to twenty-five percent."

ChaosControl
12-16-2010, 05:11 PM
So we're capping Cap Gains at 15% and Corporate at 25%, but the wage income tax still goes up to 34%? That's a bit messed up. Wage income tax should be lowered before we worry about Cap Gains and Corporate tax.