WHAT'S NOW ON THE TABLE
Help for the Middle Class
One plan would cut at least 2% from the FICA payroll taxes, which take 15.3% (employers pay half) of all earnings up to $53,400 a year. The tax is highly regressive, and its surpluses are used to pay for everything from food stamps to nuclear missiles.
Outlook:
Pushed hard by Democrats on grounds of fairness; a modest version may wind up in Bush's package as well.
A Break for Capital Gains
Taxed as regular income at rates up to 31%, most types of capital gains would get a substantial break if...
To continue reading:
or
Log-In
