| The tax proposals of Newt Gingrich could yield a windfall in tax savings, both for himself and his primary opponent, Mitt Romney, if they were enacted into law, according to a new analysis by the liberal group Citizens For Tax Justice.
The reason is simple: Gingrich has proposed zeroing out capital gains taxes, which would effectively reduce Mitt Romney's tax burden to zero, according to the analysis, saving Romney millions of dollars a year. Gingrich himself would also benefit from a reduction in the regular income rate from more than 30 percent for high-income individuals to a standard 15 percent rate. "Gingrich is complaining about Romney paying less than the American people, but he wants him to pay nothing," says Bob McIntyre, who did the analysis. |
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At swampland.time.com
At swampland.time.com
