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united states. i don t have the exact number but it runs in the millions. those chapter s companies are very small companies, mom-and-pop s, restaurants, bars and they report as their personal income. if there top rate goes down to 15%, that, that means a great big tax cut because at the moment the maximum rate is 39%. they are getting a cut all the way down to 15%, geared to the middle class. good stuff. we will need a lot more detailed but the outline, on the surface looks like it will add to the deficit. it will in the immediate future, guaranteed. you ve already got 400 billion-dollar deficitss baked into the cake because of president obama s policies and this tax cut will add to that deficit, to the debt. long-term you will get growth and that will even things out - a lot of people looked at this and that i don t like it emma presumably mostly democrats, and
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did it romney was persuaded, income comes from not just not corporations, small businesses, sub chapter s companies that report to the individual tax base, and obama is proposing to raise taxes on those businesses up to 41%. yeah. when current tax rates expire. big contrast between 41 and obama s proposing to essentially raise taxes on the u.s. multinationals, which won t help. one thing i am he worried about, paul, here, how strongly, romney s going to run on this tax, when he barely mentioned it at the debate the other night, that s not a good sign. paul: really, you re not convinced he s isn t he committed now, once you propose is, if you don t, if you don t defend it you look silly. there s no turning back, but he did say the day after he proposed it or the same day in response to questions does this favor the rich. he said don t worry, we ll
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did it romney was persuaded, income comes from not just not corporations, small businesses, sub chapter s companies that report to the individual tax base, and obama is proposing to raise taxes on those businesses up to 41%. yeah. when current tax rates expire. big contrast between 41 and obama s proposing to essentially raise taxes on the u.s. multinationals, which won t help. one thing i am he worried about, paul, here, how strongly, romney s going to run on this tax, when he barely mentioned it at the debate the other night, that s not a good sign. paul: really, you re not convinced he s isn t he committed now, once you propose is, if you don t, if you don t defend it you look silly. there s no turning back, but he did say the day after he proposed it or the same day in response to questions does this favor the rich. he said don t worry, we ll
Taxes
Barack-obama
Businesses
Mit-romney
Income
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Corporations
Tax-base
41
Paul-gigot
Thing
Help
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