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
Terror in the Skies---Balancing Privacy and Security
AirTalk goes on the road to the Center for the Preservation of Democracy in Little Tokyo, in partnership with Community Advocates, Inc. Join Larry Mantle and a panel of experts address the constitutional and security issues at stake in securing commercial air travel.
Wed., March 17th, at 7:00 p.m
The event is free and open to the public. RSVP: airtalk@kpcc.org.
Click here for more info
Guest:
Roberton Williams, Senior Fellow at the Tax Policy Center
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7 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.