Obama’s soak-the-rich tax hikes won’t work

posted by
April 14, 2011
Cato Institute
by Alan Reynolds  
Posted in Commentary

"President Obama's response to congressional efforts to curb runaway federal spending is to emphasize, once again, his resolve to greatly increase tax rates on married couples whose joint incomes are above $250,000. This insistent desire to raise taxes — which he repeated in a speech yesterday while complaining about 'trillions of dollars in ... tax cuts that went to every millionaire and billionaire in the country' — is a distraction. It won't solve our nation's fiscal problem." (04/14/11)


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