It’s not really about 4%. Raising the tax rate from 35 to 39% is small coin. It’s all about dismantling the social safety net. Huge pools of money will become available to Wall Street in that event.
It appears as though both parties are focused on the same goal. The Democrats can’t get away with it without a corresponding increase in revenues.
We do have a revenue crisis. Revenue collections are at their lowest levels as a percentage of GDP since the 1950s.
Let’s raise taxes on the wealthy.