the poor. Yes, the poor. As Harvard economics professor Greg Mankiw notes, the Congressional Budget Office has issued a report indicating that Baucus's plan will increase the marginal income tax for those whose income is at the "poverty level" to those earning 400% of the poverty level "approximately 22 percentage points." Now, I am not a Harvard economics professor, but I am pretty sure that raising the marginal tax rate on the poor does not make any sense, either economically or politically.
Exit question: is this what most of President Obama's supporters had in mind when they voted for "Hope and Change?"
Tuesday, October 13, 2009
I'm back from vacation
Okay, there is a lot out there for me to comment on, and I've had a lot of stuff going on at me real job. So please be patient as I get back up to speed. Thanks, Bru
Thursday, October 1, 2009
Vacation time
Mrs. Bru and I are leaving for vacation and will not have Internet access. I'll be back around October 11.
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