ANALYSIS: Pawlenty’s Tax Plan Would Cost $7.8 Trillion Over Ten Years, Triple The Size Of Bush Tax C

[Donnachaidh]

http://thinkprogress.org/economy/2011/06/07/238929/analysis-pawlentys-tax-plan-cost/

Earlier today, presidential candidate and former governor Tim Pawlenty (R-MN) outlined his economic policy “vision,” which included several major proposals to cut taxes. Pawlenty called for:

– Cutting the top individual income tax rate down to 25 percent;

– Having just two income tax brackets, 10 percent and 25 percent;

– Eliminating all taxation on capital gains, dividends, and estates;

– Cutting the corporate tax rate down to 15 percent

These proposals, taken together would bestow a massive tax cut on the wealthiest people in the country. They would also reduce overall federal revenues to a such a low level that even if Pawlenty’s draconian, radical spending targets were achieved, deficits and debt would still soar out of control.

More at the link --

[FiveGoodMen]

1. America: run from this motherfucker

He was nothing but trouble here in MN.

[valerief]

2. Yes, but it would make rich people richer and that's the most important thing in the world. nt