More on Pawlenty's "Plan"

ataxingmatter takes a look at Pawlenty's proposed tax plan (h/t Mark Thoma):

Former Minnesota Republican Governor Tim Pawlenty is running for president.  Like the rest of the GOP cast of hopefuls, he is bound and determined to introduce radical changes to the federal tax system that will carry out a corporatist agenda and so has released a proposed tax plan.   There is lots wrong with his plan, from the likelihood of it costing 7.8 trillion to 10 trillion over a decade, to the fact that it reduces revenues to the federal government so much that it raises only about 13.6% of GDP, a starvation level (especially when you consider the military commitments that the right is so supportive of) that would jeopardize all important public services and public goods like public transportation, public health care, public retirement security, and public parks.  Then there's the wacky extremist right-wing corporatist tax policy that it incorporates--a policy designed to continue the raping of the American economy and the American middle class by the elite current owners and managers of America's concentrated capital.
It includes:

• a radically less progressive schedule of rates--10% and 25%
• zero taxation for almost all income from capital--capital gains, dividends, and interest
• elimination of the federal estate tax
• reduction of the corporate tax rate from a statutory rate of 35% to a statutory rate of 15%
• elimination of "special interest handouts, carve-outs, susidies and loopholes." 

There's nothing commendable about this so-called plan.  It is nothing more than a shifting of the tax burden to the middle class (and below) that furthers the corporatist agenda of allowing multinational corporations and their owners and managers a free reign, using all the benefits of the market established by government but sharing almost none of the burdens.

This is pretty much Paul Ryan's Roadmap for America's Future.  It is a blatant attempt to make the richest Americans nearly exempt from taxation.  It is absurd, and anyone who proposes such a scheme shouldn't get a damn vote from anybody.  Tim Pawlenty has proven the farcical nature of his bid for President.