Originally Posted by Direckshun
It's surely to satisfy a campaign promise, first and foremost.
You'd have to be naive to claim that there isn't political (cosmetic) and fiscal ramifications in equal measures, though.
There are practically no fiscal ramifications of raising the top rate a couple of percentage points. How much revenue do you think that will pull in?
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will