Government regulations and Federal tax rates are two major issues in the 2012 election for President that will determine whose name gets checked on the ballot by many voters. Democrats want the government to regulate just about every facet of life and Republicans prefer an unregulated existence with complete freedom for corporations and financial organizations to do as they will. Democrats have always leaned toward a progressive tax system or the more make the more you pay. Republicans, anyway the new Tea Party Republican Party, are still deciding on whether they want to enact a flat tax for everyone, roughly based on 20 % of total earnings, or cutting taxes even more than they are now for all Americans leaving the top 1% of earners (along with all their loopholes) paying virtually zilch. So I decided to look at the pros and cons of both a little closer.
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