Obama/Romney Tax Proposals and Economic Growth
9 Pages Posted: 5 Nov 2012
Date Written: October 22, 2012
This article is adapted from my book, The Obama vs. Romney Debate on Economic Growth, A Citizen’s Guide to the Issues, published by iUniverse and available through Barnes & Noble and Amazon. The article argues that the individual rate structure should be more progressive than even the rate structure prior to the Bush tax cuts; the tax rates on capital gains and dividends should be returned to their pre-Bush rates, and an imputation system should be adopted for taxing foreign income and the revenue savings from the adoption of such a system should be used to significantly lower the corporate tax rate. All of these policy options would require Governor Romney and Congressman Ryan to violate their 'no-new tax' pledge to Grover Norquist’s organization.
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