[Griff]

You are right on the structure of taxes. The GOP candidates are being deceptive about the level of taxation people would face and the nature of the cuts in services they'd need to balance a budget. I don't want to see the top tax rate go much over 1/3 because I think that does have the effect of suppressing economic activity. That said, we have to end all those deductions out there so people do pay their share. We do face what is essentially a national debt emergency so a temporary higher rate may be necessary.