Coming Attractions: Rep. Paul Ryan Warns of a Top Marginal Tax Rate of 88%

Since the health care debate has swung into high gear, Republican Wisconsin congressman Rep. Paul Ryan stock has gone up as well, coming off as smart, intelligent and able to take the . He was Larry Kudlow’s CNBC program last night criticizing what health care reform would do to the deficit. But he said something else that really caught my ear. As he explained, based on projections from the so-called non-partisan Congressional Budget Office tax-rates will skyrocket with the wealthiest pay an astounding 88-percent rate within 30 years. [Transcript below video]

Rep. Paul Ryan Warns of Eventual 88% Top Marginal Tax Rate

http://www.youtube.com/watch?v=W8Qxw1g5 ... r_embedded

http://threefingersofpolitics.com/2010/ ... ate-of-88/