“Congressional Republicans may have become more anti-tax in the last 30 years, but the American public has made the opposite transition: in March 1982, three-quarters of Americans said spending cuts alone should be used to reduce deficits; today, about the same share say tax increases should be included in any debt-reduction package. Remember, of course, that tax rates were much higher 30 years ago than they are today.” — Catherine Rampell, Economix. Here’s more from Bruce Bartlett.
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