Federal taxation is at its lowest level in 60 years. In 1960 the top tax rate was 90%, now it is 35% and you want to lower it to 25%. That would be the lowest tax rate since 1931 (and the Great Depression). Capital gains taxes, at 15%, are at their lowest rate since 1933. Corporate taxes are the lowest percent of GDP in post war history. These figures do not include all the dozens of tax breaks and loopholes that have proliferated over the last two decades.
These low tax rates existed in 2008 when this country plunged into the worst financial meltdown since the Great Depression. Obviously, these low rates are NOT contributing to job creation.
We, the middle class, are willing to endure some tax increase to help this country return to its former stability. We are NOT willing to do so while corporations and the wealthiest in the country enjoy further tax relief. Nor are we willing to share a system of "closing loopholes" that will include losing the few tax deductions that benefit us, like home mortgage deductions, while loopholes for corporations and the wealthiest remain and do little to increase their paying a fairer share of the tax burden.
Your proposals concerning taxes do NOT benefit the majority of your constituents. They benefit a small, privileged minority only and will NOT generate jobs. Who do you truly represent? The majority of your constituents or ????
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