The spend now, tax later jobs bill

posted by
September 26, 2011
Cato Institute
by Alan Reynolds  
Posted in Commentary

"Nearly all of Mr. Obama's new tax increases are identical to those in his failed budgets of 2011 and 2012. But the repackaging of stale ideas is partly concealed by intermingling the phasing-out of deductions and exemptions with allowing the Bush tax rates to expire, thus increasing the top two tax rates to 36% and 39.6% from 33% and 35%. This intermingling gives the false impression that $866 billion in projected additional revenue comes from raising the top tax rates alone." (09/22/11)

http://www.cato.org/pub_display.php?pub_id=13700  

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