Originally Posted by
AUTaxMan
Here is the problem. You cannot view the various tax issues in isolation. Raising the rates alone will not raise any substantial amount of revenue, nor will it have much of a negative economic effect (although it will have some negative effect). Thus, it is really just a political move by the Dems to score points with their base. As a conservative, in these negotiations, I will concede this point, but I have to be given a point in return that also provides at least some minimal substantive economic benefit to the country.
Let me ask you this, and please give a serious, non-sarcastic answer. Why should we raise the rates? Your answer can't be because it will raise more revenue (it doesn't really) or to make the tax system fairer (remember, the people you are raising rates on make 20% of the income and pay 38% of income taxes).