Policy failures of the GOP: the debt could disappear if the rich paid taxes at 1960s levels (via Under the Mountain Bunker)

Well, yeah. I knew that.

James Pilant

Is anyone surprised by this? Yet discussion of increasing tax revenues from the wealthy and corporations is off the table,  no compromise, according to the teaparty Republicans. If Corporations And The Rich Paid Taxes At The Same Level As The 1960s, The Debt Would Disappear … [Institute for Policy Studies’ (IPS) Sam] Pizzigati cites an IPS paper from last spring to make the argument that if corporations and households making more than $1 millio … Read More

via Under the Mountain Bunker

About these ads

Tags: class-war, compromise, Debt crisis, debt-ceiling, gop, income-redistribution, middle class, no compromise, politics, poor, Republicans, rich-and-powerful, safety-net, tax-revenue, tea party, war-on-the-middle-class