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Increases hidden in there for some people making very little because the stimulus tax breaks retire. he says he won t touch any medicare or social security benefits for the current generation of retirees. so he s saying essentially he wants to keep this status quo exactly as it is. one other thing on this, this trick that has been played in the tax conversation where we keep saying federal income taxes, federal income taxes are the part of the tax code that is progressive. they re the part of the tax code that tends to focus in on the richer, on richer americans. payroll taxes are also federal taxes regresses ive. and they re more regresses ive. people don t pay them above $100,000. if you pay give me an xampbl example of the unfairness of that. like if you pay a payroll tax because you re making like $20,000 a year or $25,000 a year but not paying income tax, you re paying 15.3%. what s romney paying? he s paying 13.9%. exactly. in you re somebody who makes $85,000 your pa ....
Wants to keep this status quo exactly as it is. one other thing on this, this trick that has been played in the tax conversation where we keep saying federal income taxes, federal income taxes are the part of the tax code that is progressive. they re the part of the tax code that tends to focus in on the richer, on richer americans. payroll taxes are also federal taxes regresses ive. and they re more regresses ive. people don t pay them above $100,000. if you pay give me an xampbl example of the unfairness of that. like if you pay a payroll tax because you re making like $20,000 a year or $25,000 a year but not paying income tax, you re paying 15.3%. what s romney paying? he s paying 13.9%. exactly. in you re somebody who makes $85,000 your paying payroll taxes on all of that. you re paying a higher tax rate than mitt romney easily. it s a way of making the tax code look like the rich are paying all of it in order to justify further tax cuts for the rich. that is the policy ....
Conservative primary field in recent memory with nearly all of the gop candidates advancing tax plans that are wildly regresses ive, competing over how many federal agencies they would like to get rid of, and denying almost unanimously the clear scientific consensus on climate change, the most pressing global challenge of our time. we now know corporate profits and banker bonus are near all-time high while working people s wages are declining. we know the extreme inequality has been exacerbated and we know for the first time inequality started rising three decades ago we re having a national conversation about this central core movement, thanks to occupy movement. we know civil disobedience is not dead in america. we know it will require politics that continues to disrupt status quo and shakes our comatose institutions out of their collective come placency. we know what they wrote 2,000 years ago that imbalance between rich and poor is the oldest and ....