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Is There a Tax Cut in California?
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"I don't see a world where we don't have over 60% tax rates on the wealthiest people in this country at a federal level," Freeberg says. "The only way for the United States to bridge its fiscal gap is going to be to raise income to increase the tax rates", he adds. If you look at, if you assume a 5% long-range, call it 15, 20-year horizon for interest rates, even 4% on $30 trillion of outstanding debt, that makes no sense."
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