<![CDATA[GOP Budget Proposal: Massive Tax Cut For Wealthy]]>

1.0 link 179598 <![CDATA[GOP Budget Proposal: Massive Tax Cut For Wealthy]]> http://www.huffingtonpost.com/2009/03/26/gop-budget-proposal-massi_n_179598.html House Republican leaders called a press conference Thursday to unveil their "alternative budget." While it was thin on specifics, it does include one major policy proposal: a huge tax cut for the wealthy.

Under the Republican plan, the top marginal tax rate would be slashed from 35 to 25 percent, facilitating a dramatic transfer of wealth up the economic scale. Anyone making more than a $100,000 would pay the top rate; those under would pay 10 percent.

"Two nights ago, the...

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