Audacity of Hope

http://www.futureofcapitalism.com/2009/07/audacity-of-hope

The House health care bill would increase the number of income tax brackets to "a post-1986 high of nine," reports James Pethokoukis of Reuters, who quotes Barack Obama's "Audacity Of Hope" book: "The high marginal tax rates that existed when Reagan took office may not have curbed incentives to work or invest, but they did distort investment decisions — and did lead to the wasteful industry of setting up tax shelters."

by Editor  |  Jul 17, 2009 at 9:37 am Related Topics:  Health Care, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list