JEB BUSH
“Jeb Bush, another hope of the reformocons, issued his tax plan
in September [2015]. He framed it as an attempt to support social mobility
in September [2015]. He framed it as an attempt to support social mobility
and
the ‘right to rise’- the name of his Super PAC, which, in the first half
of the year [2015], raised more than a 'hundred million dollars. Such
rhetoric fooled some political reporters into characterizing the plan as
’populist.’ Though it does eliminate the carried-interest loophole, it offers the
rich more than ample compensation, in the form of a large cut in income and
of the year [2015], raised more than a 'hundred million dollars. Such
rhetoric fooled some political reporters into characterizing the plan as
’populist.’ Though it does eliminate the carried-interest loophole, it offers the
rich more than ample compensation, in the form of a large cut in income and
capital-gains taxes. According to the[New York] Times, people making ten million dollars
or more a year would see their effective tax rates reduced from twenty-six to
twenty-one per cent, saving them an average of a million and a half dollars a
year. Bush's plan would drain up to $3.4 trillion dollars from the Treasury.”
or more a year would see their effective tax rates reduced from twenty-six to
twenty-one per cent, saving them an average of a million and a half dollars a
year. Bush's plan would drain up to $3.4 trillion dollars from the Treasury.”
Packer, George, “The Republican Class War,” pp: 26-34 (32), The
New Yorker,
November 9, 2015.
November 9, 2015.
