Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Tax Questions Haunt Gang Of Six

July 21, 2011 by  

Tax Questions Haunt Gang Of Six

Part of the deficit-reduction proposal put forward by the “Gang of Six,” a bipartisan group of senators comprised of three Democrats and three Republicans, is reforming the tax code. The reforms would reduce the number of tax brackets from six to three. However, experts are divided as to whether these reforms will lower taxes or raise them.

“We need to reduce the deficit of the United States by $4 trillion or more in the next 10 years. Everybody agrees on that. The only way to achieve it… is to put everything on the table. Is it risky politically? Of course it is,” Senator Dick Durbin (D-Ill.), a member of the Gang of Six, said in a statement to the press on Monday. “For Republicans, it means accepting that we need more revenue, and we do… If we are asking sacrifices of individuals and families across this country, certainly those who are the most comfortable, the most well-off, should be willing to pay their part.”

A CNNMoney article discusses the tax impact of the Gang of Six proposal, saying that some experts are concerned it would raise taxes for the lowest tax bracket — the very individuals Democrats have expressed concern about in their protests against entitlement reform.

“(F)or some tax filers rates could be a little higher… or not. For instance, with a proposed range of 8% to 12% for those in the lowest bracket, it’s not clear whether the final rate chosen would be above or below the 10% rate in effect today,” the article read.

According to the article, proposal does not include specific tax rates for the new brackets, only ranges: “between 8% and 12% for the lowest bracket; 14% and 22% for the middle bracket; and 23% and 29% for the top bracket.”

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “Tax Questions Haunt Gang Of Six”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.