How can anyone possibly still argue we ought not to restore historic tax rates?

[http://i.huffpost.com/gen/556257/thumbs/s-FAMILY-FINANCES-mini.jpg] JARED BERNSTEIN: Boy, Are Americans Not Overtaxed
The Congressional Budget Office just released a very thorough update of their high quality household income series, adding data through 2009. There’s so much in here it will be weeks before I can work my way through all of its nooks and crannies, but so far, something’s jumped out at me. Man, I gotta say: when it comes to federal taxation, there is just no case in the data to be made in any way, shape or form that we Americans are overtaxed. Not middle income, not high income — not the overall average. Not relative to other countries and not relative to our historical rates back to 1979. In fact, there’s a strong, reality-based case in to be made for new revenues in any deal to stabilize the debt situation, starting at the top of the income scale.

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One Response to How can anyone possibly still argue we ought not to restore historic tax rates?

  1. Bill Aitken '64 says:

    I just addressed this point in passing in my comment on your 7/16 Blog. Right on!

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