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NY Times Debate: Will Voters Accept Tax Increases?

Room for Debate New York Times, Room for Debate — Will Voters Accept Tax Increases?:

In a speech on Wednesday, President Obama presented his plan for cutting the nation’s budget deficit by $4 trillion over the next 12 years. In contrast to the Republican plan, which relies on spending cuts — including transforming Medicare — Mr. Obama said he was offering a more balanced approach that relies in part on tax increases for the wealthy, as well as on spending cuts. …

But how do you sell a tax increase in this climate? What kind of tax plan might work? Which approach — the Obama plan or the Republican plan — is more perilous politically?


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