The Gingrich Middle-Class Tax Cut

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Fifty percent? Am I nuts? Nope."

Yes you ARE NUTS! That rate will destroy economic growth and yield nothing in new revenues about what a 30-30% rate would get. Studies have been done on this - the revenue gains from tax rates top out at 35%.

Anything about 35% is pure socialistic redistributive 'tax the rich' nonsense.

" We need a federal government that is not broke, and we need to discourage excess. "

Well, screwing the economy is step #1 in making the govt broke.

Step two is over-spending. If you want to reduce deficits, CUT THE SPENDING STUPID.

"Get some guts and fix the mess Reagan started. " Reagan grew the economy 1/3rd and set us up for 25 YEARS OF PROSPERITY since then! An economy and standard of living that doubled, that's not a mess, that is success. Your plan will kill the success that is America.

Travis M. of TX 1:26PM November 25, 2008

dude....socialism didn't work

Brett S of GA 2:15AM November 21, 2008

Nothing wrong with just two rates. Buth they should be 10% to $40,000 ($80,000 for couple) and 50% for all income above those levels.

Fifty percent? Am I nuts? Nope. We need a federal government that is not broke, and we need to discourage excess. There is very little good reason to have quarter million dollar doctors and lawyers with multimillion dollar entertainment "stars" alongside $40,000 teachers and blue collar people WHILE THE GOVERNMENT CONTEMPLATES A TRILLION DOLLAR DEFICIT FOR A SINGLE YEAR ON TOP OF A $11 TRILLION DEBT.

Get some guts and fix the mess Reagan started.

of 11:10AM November 20, 2008

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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