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Keyword: donaldsbeyer

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  • Democrats Defend Their 10% Income Surtax

    11/22/2019 11:23:27 AM PST · by karpov · 38 replies
    Wall Street Journal ^ | November 21, 2019 | Sen. Chris Van Hollen (D., Md.) and Rep. Donald S. Beyer (D., Md.)
    Regarding your editorial “The Tax Increases to Come” (Nov. 13): Your concerns about our Millionaires Surtax Act focus on the very rich—but fail to consider everyone else. Our plan asks the top 0.2% to invest more to open the doors of the American dream to others. The U.S. is at a serious crossroads. The IMF, OECD and even the Journal’s reporting document how extreme inequality constrains economic growth. In fact, the Journal reports that wealth has more than doubled for the top 1% of households since 2003, while others mostly tread water. This gap limits educational opportunities, social mobility and...