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Romney paid ‘at least 13%’ in taxes over past decade
WASHINGTON — White House hopeful Mitt Romney insisted Thursday he has paid at least 13 percent per year in taxes over the past decade, dismissing obsession over his personal finances as “small-minded.” Romney, a multimillionaire former investor, has been under assault by Democrats for his refusal to release pre-2010 tax…
Romney would pay less than 1% in taxes under Ryan plan
Under the budget plan proposed by Mitt Romney’s vice presidential nominee, Rep. Paul Ryan (R-WI), Romney would have paid an effective tax rate under 1% in 2010, according to an analysis by The Atlantic. Romney’s 2010 tax rate—he has only released complete information for that year, so it is unclear…
Sen. Bernie Sanders blasts economic inequality: This is not what democracy looks like
Sen. Bernie Sanders (I-VT) railed against the growing economic inequality in the United States during a Senate speech in support of the Paying a Fair Share Act of 2012. “It is absurd that at a time when our country has a $15 trillion national debt and enormous unmet needs, the…
Obama to propose cut to corporate tax rate
The White House on Wednesday will announce plans for a corporate tax overhaul that would reduce the overall rate while increasing revenues by eliminating loopholes and subsidies, US media reported. The New York Times and the Wall Street Journal said the plan would reduce the overall rate from 35 percent to 28 percent…
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