From today’s lead editorial in the Wall Street Journal:
More and more liberals are picking up this theme and admitting that the middle class has to be taxed because that’s where the money is. One Democratic newspaper recently suggested that Mr. Obama consider taxing “capital gains at the same rates as ordinary income” (which would be a 40% capital-gains rate, up from 23.8% now and 15% in December), “surcharges on multimillion-dollar incomes, and higher corporate taxes,” plus “exploring carbon taxes . . . a value-added tax . . . and a financial transactions tax.” Is that all?