https://hotair.com/headlines/archives/2012/11/23/congress-looking-for-ways-to-raise-taxes-on-the-rich-without-actually-raising-them/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 04:23:53 -0400<![CDATA[One possible change would tax the entire salary earned by those making more than a certain level — $400,000 or so — at the top rate of 35 percent rather than allowing them to pay lower rates before they reach the target, as is the standard formula. That plan would allow Republicans to say they did not back down in their opposition to raising marginal tax rates and Democrats to say they prevailed by increasing effective tax rates on the rich. At the same time, it would provide an initial effort to reduce the deficit, which the negotiators call a down payment, as Congressional tax-writing committees hash out a broad overhaul of the tax code.]]>Fri, 23 Nov 2012 08:00:46 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2012/11/23/congress-looking-for-ways-to-raise-taxes-on-the-rich-without-actually-raising-them-n97726