Ed Driscoll

Stimulus!

Hot on the heels of Steven Malanga’s City Journal article on “Life in Taxopolis”, the New York Post reports if President Obama has his way, it’s only going to get worse:

Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state’s top earners and possibly pressuring small-business owners to shed workers.

New York’s top income bracket could reach as high as 57 percent — rates not seen in three decades — to pay for the massive health coverage proposed by House Democrats this week.

Roger Kimball has begun “Preparing for the Coming Tax-Revolt.”