"Dozens of millionaires on Tuesday are expected to call for an end to their tax breaks enacted under President George W. Bush.
The Responsible Wealth network, a subset of United for a Fair Economy, will lead a group of high net worth individuals in condemning the tax breaks they say have cost the country $2.5 trillion since their enactment in 2001.
The group will call to restore the top two marginal tax rates to pre-2001 levels (from 33 percent to 36 percent, and from 35 percent to 39.6 percent); return tax rates for long-term capital gains and dividend income to pre-Bush levels; and create a 45 percent tax on estates worth more than $2 million (a 55 percent tax on larger estates). [...]"
Be the first to comment
Sign in with