Senator Specter’s “Flat Tax” Cuts Taxes for the Richest 5% and Raises Taxes for Everyone Else

February 19, 2010 12:30 PM | | Bookmark and Share

Since 1995, Senator Arlen Specter of Pennsylvania has introduced legislation to create a federal “flat tax” in every session of Congress, including this session. This single-rate tax would replace the existing progressive personal income tax, as well as the corporate income tax and estate tax.

Read the report.

 

 

 

 

 

 

 

 


    Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!

President Obama’s FY2011 Budget: Federal Government Should Collect at Least as Much Revenue as Obama Proposes

February 10, 2010 01:55 PM | | Bookmark and Share

To avoid larger budget deficits, the federal government must collect at least as much revenue as the President proposes. There are two bare minimum requirements for Congress to achieve this. First, Congress must not extend any more of the Bush tax cuts than President Obama proposes to extend. Second, Congress must raise at least as much revenue as President Obama has proposed ($760 billion over ten years) through loophole-closers and new revenue measures.

Read the report.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


    Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!