How about making increased revenue part of the remedy? And not just a return to Clinton-era tax rates. Full Story »
Posted by Manfred Ostrowski - via Paul Krugman, Dan Kennedy, New York Times (Most Emailed), New York Times (Opinion), Real Clear Politics, Memeorandum
Tax before cut: Much higher taxes on the highest incomes is a starter. Financial Transaction Tax is a must. Before we cut spending on social neccessaties: tax where the money is going.
Mr.Krugman makes a good point: the era of fifthy years ago didn't see these mega-rolers raking it in. We're living with a different economy.
I’ve extrapolated that number using Congressional Budget Office projections, and what I get for the next decade is that high-income taxation could shave more than $1 ... More »
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