The U.S. Collects Less In Taxes Than All But Two Industrialized Countries

The U.S. Collects Less In Taxes Than All But Two Industrialized Countries: President Obama and Senate Democrats have presented deficit reduction plans that would rely on both spending cuts and increased tax revenues, but Republicans continue to insist that the U.S. has only a “spending problem” and that deficit reduction does not require new revenues. The premise of the argument from Republicans is that Americans already face [...]/p