Things to Tax
By PAUL KRUGMAN
Published: November 27, 2011
The supercommittee was a superdud — and we should be glad. Nonetheless, at some point we’ll have to rein in budget deficits. And when we do, here’s a thought: How about making increased revenue an important part of the deal?
And I don’t just mean a return to Clinton-era tax rates. Why should 1990s taxes be considered the outer limit of revenue collection? Think about it: The long-run budget outlook has darkened, which means that some hard choices must be made. Why should those choices only involve spending cuts? Why not also push some taxes above their levels in the 1990s?
Read the full story here: The New York Times
- Deficit Panel Seeks to Defer Details on Raising Taxes – NYTimes.com (policyabcs.wordpress.com)
- How Much Americans Actually Pay in Taxes – NYTimes.com (gloucestercitynews.net)
- Obama Vows Veto if Deficit Plan Has No Tax Increases – NYTimes.com (mbcalyn.wordpress.com)