Brian Riedl, Daily Beast
The Democrats’ incoming House majority—and its Senate caucus of presidential wannabes—are about to face fiscal reality. When confronted with how to pay for their extraordinarily expensive policy agenda, the answer of liberal lawmakers, analysts, and advocates is nearly always the same: tax the rich. How to close the $12 trillion baseline budget deficit over the next decade (a figure that already assumes the 2017 tax cuts expire)? Tax the rich. Read more here....