The biggest issue on which the presidential candidates have given us the clearest choice is whether the rich should pay more in taxes, Reich writes.
Gleckman offers a description of what President Barack Obama has pledged to do on tax policy if he is reelected president in November.
The campaign of GOP presidential candidate Mitt Romney has criticized the Tax Policy Center for new research that provides evidence that a deduction cap is a pretty good, though insufficient, idea, Gleckman writes.
Donald Marron offers his perspective on Mitt Romney's proposed $5 trillion tax cut.
Romney has proposed about $5 trillion in specific, gross tax cuts over the next decade relative to current policy, most but not all of which would go to high-income taxpayers. He has also promised to offset a substantial portion of those cuts—presumably in the trillions of dollars—by reducing deductions and other tax breaks.
The marginal tax rate is crucial in making various personal economic decisions, Williams writes.