There was lots of wind but little substance during Wednesday night’s Republican debate.
In the 1st Democratic debate, Sanders said he would raise the income cap for Social Security taxation; Clinton said she’d raise benefits for the very poor.
Obama challenged the Republican party to offer a viable, comprehensive health reform alternative.
In the end, Rubio’s thirsty moment probably won’t amount to a drop in the proverbial bucket.
Republican vice presidential candidate Paul Ryan has proposed reforming Medicare, but the details are unclear and the outcome even hazier.
The House Republican budget proposal for 2013 calls for reducing the current top income tax rate from 35 percent to 25 percent, resulting in Democrats accusing the Republicans of protecting rich taxpayers at the expense of the middle class.
Uncle Sam wants your income.Under the new budget, introduced by Wisconsin Republican Rep. Paul Ryan, there would be two individual tax brackets, 15 percent and 25 percent. The alternative minimum tax, which was designed to eliminate deductions that favor the wealthy, would be eliminated. It’s not the first time the AMT has come under fire since it began sweeping in more middle-class taxpayers instead of targeting only the wealthy.