Wednesday, July 18, 2012

 

We Don't Have a Revenue Problem...

Well, we do, actually with the recession and lost decade like recovery, but the main problem we have with our Federal Government is with spending.


Here is what changing the current tax rate structure (letting the Bush tax rate cuts expire), that is, raising tax rates on upper and upper-middle class taxpayers will do to increase our tax revenue on the same scale as what our proposed spending will be for the same time period. One kinda dwarfs the other, doesn't it?

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