Obama’s Tax Increases Will Find the Middle Class – Bloomberg 12-05-12

Salient to Investors: Caroline Baum says: the effect of raising tax rates on labor supply is small since most don’t have the option to work less. the cut in marginal rates is minimal compared with earlier cuts from 70 percent to 50 percent to 28 percent in 2001 and 2003, which were followed by a decade of mediocre

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