Higher tax rates mean a lower budget deficit. According to the Tax Policy Center, over the course of a decade Obama's plan would result in a national debt $1.2 trillion smaller than you would get under McCain's plan. Less government borrowing ultimately means lower interest rates and more private investment. This positive effect may well outweigh the blow to growth and jobs from weaker work incentives. Full Story »
Posted by Kaizar Campwala
The article is very obviously partisan. Only two strong source are cited, although one is a non-partisan organization which elevates it. I'm glad the author considers and counters the arguments to be made by the other side. The point is extremely pertinent to the upcoming election and I think it's important to elevate awareness that federal economy is about more than just whether a candidate is going to raise or lower taxes--in particular poor and middle class should read this article to understand that Obama's plan is *not* bad for them.
