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> If they wanted to raise more tax revenue, they could just raise the top marginal income tax rate up to 98% or raise capital gains tax rates > If tax revenue
by ethbr0 5y ago
> If they wanted to raise more tax revenue, they could just raise the top marginal income tax rate up to 98% or raise capital gains tax rates
> If tax revenue is too low, just raise the top tax brackets. (Sweeney)
That was the original proposal [0]. Republicans and moderate Democrats shot it down.
Part of me thinks this is the "crazy" option, to actually get motion on increasing top rates and capital gains.
Complaints about those ideas shrink when this is the current alternative.
[0] https://www.nytimes.com/2021/05/28/us/politics/tax-rising-on-rich-corporations.html https://www.nytimes.com/2021/05/28/us/politics/tax-rising-on...