The Tax Policy Center Wants to Tax Our Way Out of the Deficits

The Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution. The Center is made up of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government. They are funded by a whole swarm of foundations, the Ford Foundation and The Rockefeller Foundation among them. In short, the Tax Policy Center is a big think tank for the government and its wealthy sponsors.

In this video Rosanne Altshuler, director of the Tax Policy Center, discusses the U.S. deficit and potential revenue-generating solutions. She admits that in the current economic situation it "is not clear that this is going to be a recovery where there's a lot of jobs...If the economy doesn't grow fast enough we are in an unsustainable situation."

So, what is her solution to the problem? "One is cutting spending; and the other is raising taxes...I'm more optimistic that we could raise taxes...We can't think that we're going to be able to raise the revenue that we need just on the backs of the rich." She also does not want to raise corporate taxes. By now you can probably guess who is going to see big tax hikes. Or watch the video and find out.
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