In a recent interview with Yahoo Finance, Vice President Joe Biden said the following: “the top 1 percent of earners get 22 percent of all income made in the U.S. Taxes have been lowered for the wealthy considerably over the years. It’s about time we get a little tax equity here.” Putting aside the fact that the Vice President thinks top-earners “get” their income instead of earning it through hard work, innovation and business acumen, he is right that the top one percent of taxpayers earn 22 percent of all …
It looks more and more like Joe the Plumber was on to something about taxes, though you wouldn’t know if from most of the polls and media. The Heritage Foundation has the details in our new study: If a President McCain got his way on tax reform, Americans could expect to see jobs, the economy and their own disposable income grow much faster than if a President Obama were to push through his proposals. As this chart shows, the economy would grow by $320 billion more in 10 years under …
