|Credits: WW CHART — SOURCE: AUTHOR CALCULATIONS FROM IRS|
From David Cay Johnston - "9 Things the Rich Don't Want You to Know About Taxes."
Last week Mr. Ryan ( the chairman of the House Budget Committee) unveiled his budget proposal...
And then Mr. Obama laid out a budget plan that really is serious.
The president’s proposal isn’t perfect, by a long shot. ... But the vision was right, and the numbers were far more credible than anything in the Ryan sales pitch...
In the United States, the debate over how to cut the long-term budget deficit is just getting under way.
But in Britain, one year into its own controversial austerity program to plug a gaping fiscal hole, the future is now. And for the moment, the early returns are less than promising.