Ignorance Index III: The revenue problem

posted by
July 14, 2011
Our Future Blog
by Robert Borosage  
Posted in Commentary, PND Commentary

"' ... Washington doesn’t have a revenue problem, it has a spending problem,' says House Majority Leader Eric Cantor (R-Va.). ... To borrow one of Cantor’s favorite sneers, 'How could anyone believe that?' ... Clearly Washington has a revenue problem. In fact, Americans are paying the lowest percentage of their income in taxes since 1958. Corporate taxes which brought in over 6% of GDP in 1950 are now near historic lows of barely 1%." [editor's note: Once again, the focus on how corporate 'persons' are paying next to nothing is valid, while efforts to therefore 'soak the rich" (as individuals) remains entirely misguided - SAT] (07/14/11)


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