The issue was to discuss the concept of higher rates.
Reader comment on: David Leonhardt on Taxes
Submitted by Lyle (United States), Nov 3, 2010 09:20
On an alternative point the muni bond tax break is really a state and local government subsidy in disguise. Since if it was not there the state and local governments would pay more interest for their borrowing.
Of course if you want a totally radical idea for cutting the federal government that should run right into the Calvin Coolidge (tea party) line. All federal aid to states and local governments should be abolished, and if something is worth doing the local folks should just pay the taxes directly.
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