Taxes: A Plan for Progressive Reform
The next time a Bush conservative challenges you to "come up with something better," give them this (from the American Progress Action Fund):
Over the last four years, President Bush's tax schemes have made the system more complex, shifted more of the burden to the middle class and exploded the federal deficit.All the details are here.We can do better. Today, American Progress is releasing a plan for progressive tax reform that proves it. The American Progress plan is fiscally responsible reform that significantly simplifies the system, restores fairness and increases economic opportunity. Here are the highlights:
- Simplicity – reduce the number of tax brackets, close loopholes
- Fairness – tax all income the same, eliminate regressive social security taxes
- Fiscal responsibility – reduce the deficit
- Opportunity – incentives for all Americans to save, increase take home pay for low-income taxpayers