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View Diary: Norquist: 'This is progress, making 84 percent of the Bush tax cuts permanent' (165 comments)

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  •  and raised them on the upper class (5+ / 0-)

    and got a balanced budget and near full employment. and let gingrich shut down the government, allowing some short term pain for some long term gain.

    The cold passion for truth hunts in no pack. -Robinson Jeffers

    by Laurence Lewis on Tue Jan 01, 2013 at 11:35:42 AM PST

    [ Parent ]

    •  Laurence, do you want working and middle-class... (0+ / 0-)

      ...families to increase their tax liability to the federal government?

      I don't.

      I stand corrected in that Clinton did not increase taxes on the working class (other than the 4.3 cents increase in gas tax).

      But I do believe that the Clinton-era tax brackets are too high, against the backdrop of wage stagnation.

      Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

      by PatriciaVa on Tue Jan 01, 2013 at 11:43:26 AM PST

      [ Parent ]

      •  That is arguable (2+ / 0-)
        Recommended by:
        PatriciaVa, Williston Barrett

        but the problem I have is that the spending component is still subject to negotiation against GOP hostage taking of the economy.

        Does that worry you?

      •  i want people making more than 250k (3+ / 0-)

        to pay more.

        The cold passion for truth hunts in no pack. -Robinson Jeffers

        by Laurence Lewis on Tue Jan 01, 2013 at 11:48:33 AM PST

        [ Parent ]

        •  They are paying more (0+ / 0-)

          There's the personal exemption phase-out (PEP) and the itemized deduction phase-out, which news articles say both start at 250K (300k for couples). I don't know what the first one amounts to, but the second effectively raises the marginal tax rate by around 1% for nearly everybody making more than $300,000. (I know this because I used to have to pay it when the limit was smaller, and worked out that it's not really an itemized deduction phase-out, but a sneaky way of raising the marginal tax rate without actually admitting you're doing so.)

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