Epstein Secrets

nt that in America today the gap between the very rich and everyone else is wider• than at any time sin

o 1) cut tax rates across the board by 20 percent, 2) cut tax expenditures to pay for these tax cuts, and 3) maintain progressively. The problem, as the Tax Policy Center pointed out, is there aren't enough tax expenditures for the rich to pay for all the tax cuts for the rich. Romney's plan only works if he cuts out

ount " The other difference is that now the super-rich are global. And that's not sort of a cultural ch

e $2,205. And remember: That cap would still not raise enough revenue to fill the hole Mr. Romney proposes to dig. The Romney campaign responded to the Tax Policy Center analysis not by disputing the figures but by criticizing the center for having the cheek to analyze Mr. Romney's ideas. As President Clinton said,

ows that too much concentration of wealth at the top, and too much stagnation everywhere else indicate an economy nearing collapse. For example, as Reich shows (Figure la & b), both the crashes of 1928 and 2007 followed on the heels of peaks in which the top i% owned 25% of the country's total wealth.

married people). The Republican bill would repeal this surtax and, in so doing, give everyone in the bottom 90 percent an average tax cut of $o, per the Tax Policy Center. The richest of the rich, the top 0.1 percent, would get an average cut of $30,520. We don't have a full distributional analysis of the Republican

nuary 2017 3 HOUSE_OVERSIGHT_023071 --- PAGE BREAK --- Table 3: Estimated 10-year* revenue impact from tax plans, $bn Based on estimates from both the Tax Policy Center and Tax Foundation House Plan Trump Plan Corporate Tax Reform -890 to -1200 = -1940 to -2630 Lower corporate tax rate (20% under House, 15% under T

r the last few years, and, if we exclude the cash-rich Technology sector, leverage is approaching all-t