Amid the 47% Debate, Munis Are Looking Good
After the airing of Republican presidential nominee Mitt Romney's candid remarks about the 46.4% of Americans who pay no income taxes, we've seen expressions of outrage among liberals and restlessness among his supporters. Nevertheless, this subject -- the fact that just under half of Americans benefit big time from federal benefits, yet have no skin in the game (besides FICO taxes supposedly funding their retirement benefits) -- is worthy of discussion.
In fact, I'd even say this: Having brought it up, if Romney fails to use the event as a defining or teaching moment, not only will he lose in November but the U.S.'s tax code will also become even more progressive as a result of the gaffe and the ensuing debate....1126 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
