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Monday, September 19, 2011

Deficit Plan Includes Tax Increase on Millionaires

“President Obama will unveil a deficit-reduction plan on Monday that uses entitlement cuts, tax increases and war savings to reduce government spending by more than $3 trillion over the next 10 years, administration officials said.” (New York Times)

When you don’t know what to do, raise somebody’s taxes.

FEE Timely Classic
“The Politics of Deficit Spending” by Hans F. Sennholz