Monday, November 28, 2011
Why should 1990s taxes be considered the outer limit of revenue collection? Think about it: The long-run budget outlook has darkened, which means that some hard choices must be made. Why should those choices only involve spending cuts? Why not also push some taxes above their levels in the 1990s?
Let me suggest two areas in which it would make a lot of sense to raise taxes in earnest, not just return them to pre-Bush levels: taxes on very high incomes and taxes on financial transactions.
- CNBC, Bah, Bah, Paul Krugman, Have You Any Wool?
- Hot Air, Krugman: It's Time To Go BIG ... On Taxes
- Krugman-in-Wonderland, Yes, Krugman, Maybe We Should Have Singapore's Tax Rates
- Newbusters, Krugman Calls for Higher Taxes Than Under Clinton
- Red State, Things to Cut?