I'm not worried about any sort of "message", I'm just looking at whether or not it would help the deficit. More money coming in would certainly help. Every president in the last 30 years has tried to lower tax rates on the wealthy, and we're not exactly working with a booming economy here.Only taxing the rich more will send a message to everyone else that they aren't required to pay more taxes to deal with the deficit or to pay for the additional spending Obama wants to buy their votes so they will continue to clamor for more government
Raising taxes on the lower rung of the ladder won't really raise enough taxes to make a credible dent in the problem. Letting the Bush tax cuts for the wealthy expire, on the other hand, would do plenty.the only way to stop the deficit increasing is for the majority of America to demand less spending and that is far less likely to happen when only 1-3% of America is tasked with more taxes
of course "shared sacrifice" of everyone paying more taxes-ESPECIALLY THOSE WHO DON'T PAY FOR WHAT THEY USE AND WANT NOW" is gonna cost politicians votes
Every president we've between 1980 and 2008 supported trickle-down economics, and our economy is in tatters.