Get Ready for a 60 Percent Top Tax Rate

Thursday, November 12, 2009 10:11 AM

By: Gene J. Koprowski

Economists who have the Obama administration's policymaking ear simply do not believe that higher marginal tax rates will retard economic growth, writes economist Irwin Stelzer.

Writing in the The Weekly Standard, Stelzer explains that the administration is “flirting with such things as a 60 percent rate on the incremental incomeâ€