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
Guest:
Roberton Williams, Senior Fellow at the Tax Policy Center
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Staff Pick
Eric Johnson
Tender Greens
Tender Greens is like your favorite rock band where you want to keep it a secret but also hope for tremendous success. And successful it is. Healthy and tasty salads and veggies, lean cuts of steak, chicken and tuna all served up in a 'fast food' style and price tag - but in a much better environment and quality. The flatiron angus steak with Yukon Gold potatoes top out my list. I also love to get the line caught ahi tuna with a baby spinach and goat cheese salad - quite tasty when I'm shooting for lighter fare. Makes for a nice and not-too-expensive dinner, and an excellent lunch as well.
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Day In A Page Radio/Story Archive
3 months, 2 weeks 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.