The Obama Tax Hike

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Keynes's picture
User offline. Last seen 8 years 6 days ago. Offline
Joined: 02/27/2009

Everyone is up in arms about the Obama tax increase for 2011.  Am I missing something?  Isn't he pretty much returning taxes to Regan-era levels at a point at which were going to have to generate some revenue to compensate for the counter-cyclical spending?  What else would you do?  What is the alternative?  I think the attempts to describe this as class warfare are simply rhetorical nonsense.