Balanced Approach: The Tax Hikes That Democrats Should Propose

By: Francis Cianfrocca (Diary)  |  August 9th at 09:10 AM  | 

So this year’s fiscal-policy code word is “balanced approach.” This means nothing more or less than higher taxes on high earners, business income, and capital gains. Congressman Eric Cantor remarked at one point in the debt-ceiling debate that the Democrats (including Obama) were totally stuck on the idea of raising taxes. But Cantor stressed that they never presented an economic rationale for higher taxes. It | Read More »