2012年4月16日星期一

The fight has been politically

On Thursday, the House plans to vote gucci handbags on a plan by House Majority Leader Eric Cantor, R-Va., to provide 20 percent tax deductions to all businesses with fewer than 500 workers — a threshold that includes 99.9 percent of all U.S. companies. Republicans say that plan would spur job creation, while Democrats call it a giveaway to business because firms would not have to hire gucci shirts employees to receive the reduction. That bill is expected to pass the GOP-run House but die in the Democratic-led Senate. The Senate vote was on a measure by Sen. Sheldon Whitehouse, D-R.I., that would impose a minimum 30 percent income tax on people making over $2 million yearly and phase in higher taxes for those earning at least $1 million. The measure is nicknamed for billionaire Warren Buffett, who has called for higher taxes on the rich. The fight has been politically irresistible gucci bags for both sides. It allows Democrats to take shots at Mitt Romney, the wealthy, all-but-certain GOP presidential nominee. He has released data showing he paid an effective tax rate of only around 14 percent in 2010 and about 15 percent last year, both years earning around $21 million. For Republicans, it's a chance to accuse its Democratic backers of pressing for tax increases that will divert money employers could otherwise louis vuitton men bags use to expand and hire more workers. The Senate measure would raise $47 billion over the coming decade, barely enough to notice against the roughly $7 trillion in budget deficits expected over that period. Administration officials have conceded that by itself it would do little to louis vuitton handbags trim those shortfalls, instead emphasizing its fairness. "The administration believes that continuing to allow some of the wealthiest Americans to use special tax breaks to avoid paying their fair share simply cannot be justified," the White House said in a written statement. Obama's tax return shows he earned nearly $790,000 last year and paid an effective tax rate of almost 21 percent. Republicans said the bill underscored an www.bestmonsterbeatsale.com effort by Obama and Democrats to scapegoat the wealthy with a gimmick that would accomplish nothing.

没有评论:

发表评论