Free Republic

New analysis of President Biden's tax proposals has suggested that nearly 60 percent of Americans may still face bigger bills, despite his continued promise that no one earning less than $400,000 a year would be impacted. The findings from the nonpartisan Tax Policy Center show that the majority of the burden would be placed on America's richest families - also known as the one-percenters - earning more than $800,000. Around 99.8 percent earning between $500,00 and $1million will pay more an average of $8,810 more in taxes each year.

Like Obamacare, people donÂ’t know whatÂ’s in the Republican tax bill. Unlike Obamacare, theyÂ’re probably going to be pleasantly surprised.The 2018 Democrats, top political analysts inform us, will use the soon-to-be passed tax reform as a way to argue that the GOP is the party of the plutocracy. Which is just another way of saying that Democrats are going to use the same argument theyÂ’ve been using for the past three decades with varying degrees of success. IÂ’m not sure this development should rattle any supporter of rate reductions. Especially if they consider most Americans donÂ’t even know theyÂ’re getting...

As he escalates his class war re-election campaign, President Obama has taken to calling Mitt Romney's economic plan "Robin Hood in reverse" or "Romney Hood." The charge is that even though Mr. Romney is proposing to cut tax rates for everybody across the board, Mr. Romney will finance this by imposing a tax increase on the middle class. His evidence is a single study by the Tax Policy Center, a liberal think tank that has long opposed cutting income tax rates. The political left always says Daddy Warbucks gets all the tax-cut money. So this is hardly news, except that...