We believe that the “Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945” report is critically important to the ongoing “Fiscal Cliff” debate. This report refutes the false claims about the supposed “trickle down” economic benefits of low tax rates for the wealthiest tax payers.
We believe the top marginal tax and Capital Gains rates should be increased gradually, but significantly, to roll back the significant transfer of wealth that prior large tax reductions have had.
We urge President Obama and like minded members of Congress concerned with the quality of life of all Americans to aggressively use the “Taxes and the Economy” report results in “Fiscal Cliff” negotiations; http://www.dpcc.senate.gov/files/documents/CRSTaxesandtheEconomy%20Top%2...
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