Listening
Gold Member
- Aug 27, 2011
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The purpose of rate increases is fairness, not revenue. During the '08 primary debates Obama was asked why he wanted tax rate hikes if they lowered revenue, and his answer was "it's a question of fairness." Historically revenue rises after rate cuts and falls with rate hikes....a 5-10% increase on the top rate would be quite reasonable, and needed to pay down the deficit.
Can you provide some links ?