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Obama/Romney Tax Proposals and Economic Growth

9 Pages Posted: 5 Nov 2012  

Samuel C. Thompson, Jr.

Pennsylvania State University, Penn State Law

Date Written: October 22, 2012

Abstract

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.

Suggested Citation

Thompson, Jr., Samuel C., Obama/Romney Tax Proposals and Economic Growth (October 22, 2012). Tax Notes, October 2012. Available at SSRN: https://ssrn.com/abstract=2171104

Samuel C. Thompson, Jr. (Contact Author)

Pennsylvania State University, Penn State Law ( email )

Lewis Katz Building
University Park, PA 16802
United States

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