03 December 2010

Time to face facts: we need more revenue, which means higher taxes on upper incomes

Robert Borosage, on Huffpo:
We need very different priorities, far greater discipline, much less waste, but we also need tax reforms that raise revenue. We need to raise rates on the top, tax the wealthiest Americans as they used to be taxed, and use that money to rebuild the economic infrastructure of this country, generating the growth that is the prerequisite to bringing down the debt.
These are simple truths. They are largely unspeakable in conservative Washington, and certainly among a beltway establishment comfortable with the extremes of wealth and cushioned against the terrors of economic recession and insecurity.


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