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In recent months, growing numbers of Republican lawmakers and strategists have grown wary of the no-exceptions position. They fear independent voters will abandon the GOP next year if it seems too rigid and beholden to tea partyers. They also worry that another deficit-reduction impasse will further erode Congress' image, and House Republicans might be handy election targets.
Toomey's plan would raise $300 billion in new tax revenues while overhauling the federal tax code. Republican officials say it would drop the top tax rate on personal income to 28 percent from the current 35 percent. It would reduce or eliminate some well-known itemized deductions and reduce the corporate tax rate.
The plan also would extend the Bush-era tax cuts, now set to expire at the end of next year. Most Democrats oppose that idea. It also would trim cost-of-living increases for Social Security recipients.
Toomey's plan would raise $300 billion in new tax revenues while overhauling the federal tax code. Republican officials say it would drop the top tax rate on personal income to 28 percent from the current 35 percent. It would reduce or eliminate some well-known itemized deductions and reduce the corporate tax rate.
The plan also would extend the Bush-era tax cuts, now set to expire at the end of next year. Most Democrats oppose that idea. It also would trim cost-of-living increases for Social Security recipients.
Note how SCROOGE MC Toomy's plan works.
Give taxes breaks to billionaires, AND pay for those by reducing social security benefits for the elderly.
As people increasingly realize how nonsensical the GOP position is, taking from our seniors and children to give tax breaks to the very wealthy, more and more voters will vote for Dems or independents.
