Robert Kuttner says that OECD countries use low taxes in other countries to argue for a race to the bottom, that we could restore high tax codes without hurting the economy, and that Democrats should argue for higher taxes

Robert Kuttner, author of The Squandering of America and co-founder of The American Prospect, says that OECD countries use low taxes in other countries to argue for lowering taxes, causing a race to the bottom and cutting of social services. He says that the U.S. could restore tax codes from 1999 or 1978 without hurting the economy, because people with high income “can damn well afford” taxation rates as high as 50%. He says that Democrats should try to make such rates popular again. Kuttner spoke at an event organized by the Campaign for America’s Future and the Progressive Caucus, and featuring Reps. Barney Frank (D-MA), Barbara Lee (D-CA), and Lynn Woolsey (D-CA). (1:00)

 

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