I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
Teddy Roosevelt supported a progressive income tax. If I am sitting pretty and you've got a waitress who is making minimum wage plus tips, and I can afford it and she can't, what's the big deal for me to say, 'I'm going to pay a little bit more'? That is neighborliness.
So I'm not proposing anything radical. I just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under Bill Clinton. Back when our economy created nearly 23 million new jobs, the biggest budget surplus in history, and plenty of millionaires to boot. ... At the same time, most people agree that we should not raise taxes on middle-class families or small businesses -- not when so many folks are just trying to get by.
Sometimes I wonder how much of these debates have to do with the desire, the legitimate desire, for that history to be recognized. Because there is a psychic power to the recognition that is not satisfied with a universal program, it's not satisfied by the Affordable Care Act, or an expansion of Pell grants, or an expansion of the earned-income tax credit.
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