"But most importantly, I don't believe a tax increase on those making => $200K/$250K will harm the nation one iota."<quoted text>I don't expect a tax break or increase will necessiatly create or destroy jobs. In and of itself. I do think a tax increase...with a portion of the revenue (50%) applied to the debt is smart. The remainder in part applied to President Obamas jobs bill would certainly create jobs for teachers, law enforcement and several categories of first responders. It will also create jobs in the construction industry associated with the nations infrastructure (ie: roads, bridges, Airports, etc) which we are in much need of.
But most importantly, I don't believe a tax increase on those making => $200K/$250K will harm the nation one iota.
So, If raising taxes on "rich" people won't harm the economy, why stop there? Lower your threshold to $20,000. You will bring in much more "revenue".
If tax increases are beneficial, it shouldn't be reserved for one class of the population that you select.
All of my posts have revolved around one central theme, "revenue" is not the reason for the dreaded debt. It's massive and excessive spending.