Increasing tax rates for the well-off has become a sticking point in negotiations over avoiding the combination of tax hikes and spending cuts scheduled to take effect Jan. 1. Business experts disagree about how much of an effect it would have on economic growth.
Source: http://www.npr.org/blogs/itsallpolitics/2012/11/30/166254259/raising-taxes-on-the-rich-canny-or-counterproductive?ft=1&f=1014
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