Nan Hayworth is touting Rep Paul Ryan (R-WI) as one of her heroes. Her standard stump speech includes a big dose of Ryan’s Roadmap for America’s Future. It’s complete Nan-sense. Nan’s vision for the 19th CD is to “restore prosperity and increase jobs through free-market growth…” Her real plan includes a MASSIVE MIDDLE CLASS TAX INCREASE, while providing even more drastic tax reductions for millionaires like … Nan Hayworth. That's no way to restore prosperity.
The gist of Nan-sense tax reform is to cut the top income tax bracket to 25% from 35% on incomes above $100,000. The plan would eliminate the tax on all interest, dividends and capital gains and eliminate the estate and gift tax and the corporate income tax. In other words, the principal federal tax levy would be a tax imposed only on income derived from labor by individuals; income earned from investments is not taxed.