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[email protected] dcaster@krl.org is offline
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Default OT-Taxing the rich

On Apr 2, 3:55*pm, Hawke wrote:

Saw a graph today that showed if we had just not continued the Bush tax
cuts for the rich that alone would have reduced our deficit by 50%, and
that only raised their rates from 35 to 39%. So increasing taxes on the
top bracket would help a lot to reduce our debt. Those people would
still be very rich too.

Hawke


All I have found is that extending the Bush Tax Cuts for those making
$200,000 or more would have made a 350 Billion dollar difference over
10 years. The current federal deficit is roughly 14 Trillion dollars.

Dan