|Fairness needed to grow economy|
By Robert Reich
GET READY FOR the tax wars.
President Obama wants to raise taxes on the rich, setting a minimum tax rate of 30% on millionaires (the so-called “Buffett Rule,” named after billionaire investor Warren Buffett, who says it’s unfair that he pays a lower tax rate than his secretary).
Mitt Romney, the presumed Republican presidential candidate, wants to lower taxes on the rich. He supports the House Republicans’ plan to cut the highest tax rate from 35% to 25%, thereby reducing the taxes of millionaires by an average of at least $150,000 a year.
|Tuesday, May 01, 2012 5:25 PM|