The only problem is — and this is initially going to seem like heresy from a progressive is — the truth is everybody needs to pay more taxes, not just the rich. And it’s a good start. But we’re not going to get out of this deficit problem unless we raise taxes across the board, to go back to what Bill Clinton had and his taxes. And if we don’t do that, the problem is the pressure is going to be on spending even more.
Dean is right: the middle class must pay more if we want to keep entitlement programs alive — there just aren’t enough rich people to plunder.
Middle class people take more out of Medicare than they pay in, so the difference must come from somewhere.
The Bush tax cuts were temporary for a reason. They came after the tech investment bubble artificially, and temporarily, inflated federal revenues. Then the bubble burst and 9/11 happened.
Let them expire.
If I understand Dean’s about “pressure” he means pressure on spending less on more government programs. That we don’t need.