The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, SAN DIEGO UNION-TRIBUNE
Sunday, February 5, 2012
Kelly Cunningham, National University System
Answer: NO
Without reducing capital gains taxes at the same time, further increasing federal income tax rates would be disastrous to the economy. Current U.S. tax rates of 35 percent on corporate income are already among the highest in the world. Additionally taxing capital gains and dividend income actually increases the effective tax rate on investment income above 45 percent. Further raising federal income tax rates would push effective rates beyond 60 percent, without even considering state and local taxes or death taxes. Already a barrier to American growth and competitiveness, this would crush needed investment for struggling U.S. business activity.
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