Young Turks: GOP Plan To Raise Your Taxes, Cut Taxes On Rich

[CherylK]

Run time: 02:09 https://www.youtube.com/watch?v=H0b-iI1eegg   Posted on YouTube: November 13, 2011 By YouTube Member: TheYoungTurks Views on YouTube: 17469   Posted on DU: November 15, 2011 By DU Member: CherylK Views on DU: 966

 
New proposals by Republicans in Congress pretend to raise tax revenue but in fact they cut taxes on the rich and increase them on the working/middle class. The Young Turks host Cenk Uygur explains.

http://tpmdc.talkingpointsmemo.com/2011/11/chart-of-the-day-the-regressive-tax-plan-super-committee-dems-rejected.php

[Mosaic]

1. I take issue with the term gop

I unreced because you don't call a group of criminals and parasites, the gop!

[olleander]

2. America's problem is not literacy, it is numeracy.

Those Bush tax rates just did not go far enough, long enough. 
That is why President Obama extended them.  But he has a new
deal.  Tell you what.  Forget the tax rates.  That takes time
to make a difference.  The Obama Treasury plan on taxes is to
give the top multinationals a free pass on their overseas
unrecognized and untaxed earnings.  It is called the 'tax
holiday.'  The rate on those earnings is proposed at 5% ...
not 28%.  Wake up to the theft.  Do the math.  How much will
the top .1% make off the Treasury plan with a holiday every
eight years versus a reduced rate over ten years.  The biggest
give-away is the Obama plan.