Wednesday, January 9, 2013

NYT: Taxes: Paradigm Shift

http://www.washingtonpost.com/opinions/harold-meyerson-most-us-taxpayers-lose-out-on-fiscal-cliff-deal/2013/01/08/51d24bd8-59c5-11e2-9fa9-5fbdc9530eb9_story.html?tid=pm_opinions_pop

The lower tax rates for capital gains and dividends, then, effectively reward offshoring more than work done within the United States, increase economic inequality and deprive the federal government of revenue it will need to support an aging population and meet its other obligations. None of this upsets Republicans, but it would be nice if Democrats realized that these tax breaks undermine everything they stand for.

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