Top Senate Democrat says tax reform must raise rates on the rich

Sen. Charles Schumer, the third-ranking Democrat in the Senate, says the model of Reagan tax reform is dead.

In a speech today at the National Press Club in Washington, Schumer said Reagan-style tax reform — i.e., lowering individual tax rates while curbing tax breaks — is a relic of an era when Congress didn’t need more revenue to pay down the national debt.


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News of statewide interest from the reporters of the Dallas Morning News.
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