From across the nation, Americans are calling on tax dollars to save the day:
- Mark Bittman calls for new taxes on soda and candy, to make fruits and vegetables more affordable.
- Michael Powell reminds us how taxes saved Gotham City.
- And from the Institute for Policy Studies, via Campaign for America’s Future:
If corporations and households taking in $1 million or more in income each year were now paying taxes at the same annual rates as they did back in 1961, the IPS researchers found, the federal treasury would be collecting an additional $716 billion a year.
In other words, if the federal government started taxing the wealthy and their corporations at the same rates in effect a half-century ago, the federal debt to investors would almost totally vanish over the next decade.
(And in other pro-tax news, the New York Times points out that the expiration of airfare taxes haven’t lowered prices.)
Can tax dollars get healthy food to kids, rebuild our cities, and smash our deficit to smithereens? Stay tuned — same tax-time, same tax-channel!