Spending Cuts And Millionaire Tax

by Roger Chartier

Both spending cuts and millionaire tax

The Associated Press GfK did a poll that says essentially that people like both spending cuts and millionaire tax increase but prefer spending cuts.
The other bit of an issue is the plan that our President wants to put in place to remove loopholes and yet add new tax breaks for manufacturing and green energy.

Corporate Tax Rate


The corporate tax rate would go from
35% to 28% but would cut out a lot of ways that corporations use to beat the system where they avoid most if not all tax in a lot of situations.

Manufacturing is credited with creating more innovation than other industries and therefore is touted as being valuable in a broader sense as it will affect other support and supply businesses.

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