"I can see sufficient revenues from taxes on the wealthy without having to increase income taxes for anybody else."
this is true......but would any politician do it? Perhaps, we'll just have to wait and see.
My real concern is the state, county and town funding problems. It's going to be very difficult for many local tax authorities to balance their respective budgets. They can't hide behind gimmicks and endless debt issuance. Many face incredible increases in taxes just to meet their obligations.
I do agree taxes will be increasing dramatically and the higher income earners will be paying substantially more.
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