America Dodges a Super-Tax-Hike as Super-Committee Collapses
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Didn’t our Democratic friends always intend to derail the super-committee over the top Bush tax rates?
You remember that $800 billion revenue number always floating around from the Democratic leaks? Well, that’s the static-revenue estimate of repealing the 35% and 33% Bush rates. Sometimes that Democratic revenue number moved up to $1.2 trillion. Well, that would include the static-revenue estimate of the 5.6% millionaire surtax. Get it?
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