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Tax codes that favor the rich include the 1) mortgage interest deduction 2) capital gains tax rate 3) step up in basis 4) retirement savings and 5) charitable deductions . Some of these codes are designed to incentivize personal savings which is necessary to fund investment and stimulate economic growth. As indicated in a speech by Governor Edward M. Gramlich (2005) , the declining rate of savings was a concern even before the financial crisis. He outlined weaknesses in some of these tax codes and related policies and suggested several changes. Many of his suggestions, or some variant of them, were actually implemented in the American Taxpayer Relief Act of 2012....