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Keyword: 25cap

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  • Tax Plan Aims for 25% Cap

    03/17/2011 3:59:49 AM PDT · by xtinct · 86 replies
    WSJ - Politics ^ | 3/17/11 | JOHN D. MCKINNON
    The chairman of the House Ways and Means Committee wants to cut the top U.S. tax rate to 25% for individuals and corporations, and cut or eliminate many popular deductions. View Full Image Getty Images The tax-overhaul plan form House Ways and Means Chairman Dave Camp, left, would be designed to be revenue neutral overall. .The odds of quick action appear slender. But the move, from Rep. Dave Camp (R., Mich.), is significant as a marker in what will likely be a multiyear debate over revamping the tax code. The plan also provides Republicans with a position to pitch in...