Monday, November 12, 2012
If Corporations And The Rich Paid Taxes At The Same Level As The 1960s, The Debt Would Disappear
If Corporations And The Rich Paid Taxes At The Same Level As The 1960s, The Debt Would Disappear: pAs congressional negotiators continue to debate the contents of a deficit reduction package, discussions are reportedly tilting toward a deal that will include spending cuts but no revenue increases. Over at the Campaign for America’s Future, the Institute for Policy Studies’ (IPS) Sam Pizzigati notes that one way to very easily tackle U.S. debt going [...]/p
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"Pizzigati cites an IPS paper from last spring to make the argument that if corporations and households making more than $1 million paid the same rates as they did in 1961, our debt would virtually disappear in a decade:" - End of argument... ☺
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