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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (16451)	4/8/2010 2:28:26 PM
From: longnshort	Respond to of 42652

it's the spending not the tax rates, you can raise the tax rates to the sky and the spending will just increase

To: Lane3 who wrote (16451)	4/8/2010 2:32:57 PM
From: TimF	Read Replies (1) \| Respond to of 42652

The top two income tax rates would have to more than double, with the top rate hitting almost 77 percent, to get the deficit down to 3 percent of GDP. Such dramatic tax increases are politically untenable and still wouldn’t come close to eliminating the deficit. And when you get that high you stand a good chance of starting to actually lose revenue. 77 percent stands a good chance of getting you less revenue even in the relatively short run than sixty or seventy percent, and less in the longer run than even lower tax rates. It seems eliminating the deficit with tax increases, isn't only painful and damaging, and politically untenable, but pretty much impossible.