November 16, 2012

THE HILL: House Dem leaders avoid specifying tax rates for top earners. “They demand that the top rate be raised in the name of deficit reduction but they are avoiding being specific as to the precise level. Although President Obama and other top Democrats have vowed for two years to allow rates on the highest earners to jump back to Clinton-era levels at year’s end, and some Senate Democrats remain focused on that goal, House Democratic leaders now say the specific rate is less important than the effect of a larger budget package on the economy and revenue creation.” I wonder if they’re starting to hear from their wealthier blue-state constituents.

But still: Repeal The Hollywood Tax Cuts! It’s time for Hollywood to pay its fair share.