Op-Ed Columnist: Things to Tax

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 Dan Kennedy, Paul Krugman, New York Times (Opinion), Real Clear Politics, New York Times (Most Emailed), Memeorandum

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Review

Randy Morrow
4.1
by Randy Morrow - Dec. 1, 2011

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 trillion off the deficit. —- But wouldn’t such a tax hurt economic growth? As I said, the evidence suggests not — if anything, it suggests that to the extent that taxing financial transactions reduces the volume of wheeling and dealing, that would be a good thing.

Dr. Krugman points out that there are some areas that can and should be taxed at even higher rates then the ones being suggested.

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