By Brad Plumer
Once you take state and local taxes into account, the U.S. tax system doesn't hit the top one percent all that much more than the middle-class.
The Congressional Progressive Caucus wants a top income tax rate of 49 percent. Eisenhower had a top rate of 91 percent.
If you make the tax plan revenue-neutral by cutting deductions and credits, the economic growth effect goes away.
Romney can take some solace in knowing his allies in Congress have proposed a plan that shifts the burden from high-income to middle-income taxpayers even more dramatically.
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