Up next, middle class tax hike?
After a round of interviews on weekend talk shows, President Obama's top economic advisors left open the possibility of increased income taxes for middle class Americans. Treasury Secretary Timothy F. Geithner and National Economic Council Director Larry H. Summers refused to rule out the possibility of a middle class tax hike to reconcile the budget deficit, despite Obama's campaign promise not to raise any taxes for those making less than $250,000 per year. Are new taxes in store? Will higher income taxes slow economic recovery?
Also on this episode
AirTalk on the Road
End-of-Life Care: Which Options and at What Cost?
AirTalk with Larry Mantle, in partnership with the City of Hope, will explore the tough issues surrounding end-of-life care at The California Endowment. The public is invited.
Tuesday, February 9th at 7:00pm
Guest:
Roberton Williams, Senior Fellow at the Tax Policy Center
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Day In A Page Radio/Story Archive
6 months, 1 week ago
I am a middle income earner and will pay higher taxes for programs that will effectively improve health care, public transportation, education, and similar needs. We have been on a binge of private consumption in recent decades. We should encourage a shift toward social consumption that has to be financed via taxes.