Tax Arithmetic Shows Top Rate Is Just a Starter

[blueclown]

17. "Talking nonsense"?

I never said that raising marginal tax rates on the richest 2% would eliminate the deficit. However, raising top marginal rates beyond the Clinton-era rates would significantly narrow the deficit. Combined with some spending cuts (primarily on the military) and increased governmental revenue from an improved economy, and we are well on our way to a balanced budget within a decade.