The plural of "you" is "you" not "youse"
It's funny, we raised the ceiling 7 times under Bush will little fanfare. Yes, we need spending cuts (military - of course) AND revenue increases. Was the tax on the rich SO bad under reagan and Clinton that there was no Job creation?
So hubby and I were talking last night about the Republican refusal to approve raising the debt ceiling. And, he asked me do I think they would be putting up such a fight if Obama was not the President.
I know there was already an undercurrent of discontent with the US tax policy and how the budget is allocated before Obama became President. But, with his Presidency came the rise of the tea party, and the budget deficit & debt ceiling has has become the line in the sand for the mainstream Republican agenda.
The effective tax rate is the lower now than it has been since 1950.
Simple answer to the revenue side:
An analysis the Urban Institute found that raising the capital gains tax for wealthy Americans from 15 to 20.6 percent would reduce the deficit to 3 percent of GDP.
Would this minor tick up even be noticed by them?
Instead let me ask what you think should people be doing to reverse the trend? I feel that my personal story is less likely in the here and now than it was in the 90s.There seems to be evidence to bare that out. I want my daughter to have greater opportunity than I had.
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