Obama and the GOP agree: Eliminate tax breaks for millionaires
If the two parties could come together around this change to the tax system, it would be a very, very big deal. Coburn’s office estimates that millionaires received $30 billion in tax breaks in 2009. Extend that over 10 years, adjust for economic growth and reductions in interest payments, and cutting out those subsidies would save the Treasury well over $500 billion and while making the tax code considerably more progressive.
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I bolded the shit outta that text for emphasis.
