NYT: Senate Democrats (To Call Tax Bluff?)

 

Tax the Rich.  End the War.  Live Love.
Tax the Rich. End the War. Live Love. (Photo credit: Lisa Norwood)

 

US Federal Income Tax Rate for Top Income Brac...
US Federal Income Tax Rate for Top Income Bracket 1929 – 2011 (Photo credit: Cory M. Grenier)

 

http://mobile.nytimes.com/2012/07/18/us/politics/senate-democrats-propose-letting-all-tax-cuts-expire.xml Democrats plan to let all tax cuts expire and force Republicans to vote up or down on middle class tax cuts. Scary yet article details support coming from liberal think tanks.It reminds me of Clinton’s welfare reform and deficit cutting.

 

Seemingly outrageous yet beneficial in the long run. (Yes, I know folks can fight over competing data but at least most everyone had opportunity to move forward in Clinton years. More importantly people believed it.)